Some of the $100 billion of outstanding nonprofit hospital bonds could be endangered by passage of President Clinton's health-care reform plan because the plan probably would cause the collapse of financially weak institutions, a former Bush administration health official said last week.

Gail Wilensky, the Bush White House's health policy adviser, said that unprofitable community and rural hospitals in particular would have a hard time staying in business under a competitive managed care system such as that envisioned in the Clinton plan.

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