Article: MedCath Corporation Responds to Proposed Legislation Regarding Physician Ownership in Hospitals; MedCath Hospital-Physician Partnerships Promote Innovation in Patient Care and Have Proven to Result in an Environment That Provides Care for Patients With a Higher Average Severity Level and Improved Outcomes.

In response to an amendment included by Senator John Breaux (D-LA) to the Prescription Drug and Medicare Improvement Act of 2003 regarding physician ownership and so-called specialty hospitals, MedCath Corporation announced today that although this amendment protects MedCath's hospitals currently in operation and under construction, it is bad public healthcare policy. The Senate Finance Committee approved this legislation last Thursday evening. The House has yet to act on prescription drug legislation.

"While we appreciate the exclusion of our existing hospitals and the three hospitals we have under construction from the restrictions contained in the Breaux ...

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