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Obama Underpayments Bankrupting Hospitals that Serve Poor


Golfboy
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Told ya.   Whenever Government takes over an industry, they destroy it. 

 

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Hospitals, including private rural ones, may be among the hardest hit, Winston & Strawn’s Neier said. The Affordable Care Act, known as Obamacare, reduced payments to hospitals that serve a large number of poor and uninsured patients, known as "disproportionate share hospitals," on the theory that more patients would be insured under the law. Congress delayed those cuts several times, but didn’t do so for the current fiscal year, which may "single-handedly throw hospitals into immediate financial distress -- many operate on less than one day’s cash,” he said in an interview.

 

"Smaller hospitals have already been struggling for years,” said Kristin Going, a partner in the New York office of Drinker, Biddle & Reath LLP. Both lawyers declined to discuss specific companies. Since 2010, a growing number of patients have enrolled in high-deductible health plans that force them to shoulder more of costs when they get treatment, according to the U.S. Centers for Disease Control and Prevention. That has translated into more bad debt from customers for hospitals and other providers.

 

Some publicly traded hospital companies that were already under pressure from high debt loads have been further buffeted by this year’s hurricanes. Community Health Systems Inc., with $1.9 billion in debt maturing in 2019, has suffered doctor revolts over crumbling, cash-strapped facilities, as well as losses linked to the storms in Texas and Florida earlier this year. A representative for Community Health didn’t return a call seeking comment.

 

The Polsinelli Health Care Services Distress Research index, which tracks bankruptcy filings for companies with more than $1 million in assets, shows that activity has surged 123 percent since the fourth quarter of 2010. By comparison, the law firm said, the general index that tracks Chapter 11 filings in the U.S. is down nearly 58 percent from 2010. The Affordable Care Act, which Republican lawmakers have been looking to repeal, replace, defund, or otherwise change, was cited as one of the systemic changes rocking the sector.

 

 

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4 hours ago, Golfboy said:

Told ya.   Whenever Government takes over an industry, they destroy it. 

 

 

National rule makers setting the regulations for local areas to care for illegal non citizens the citizens are taxed to make the care possible and the government(those administrating policy) never lose social power of persuasion while directing citizens covering the costs at being told how to behave ancestrally as staged social results ignoring the simplicity of kinetic self containment sustaining lifetimes simultaneously occupying this atmosphere.. 

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8 hours ago, shintao said:

100% National health Care will fix this problem for Americans.

How, by having the government take the loss?

This wasn't a problem prior to Obamacare.  Now it is. 

And your solution is MORE government interference. 

 

How stupid does someone need be, to want to cede their healthcare to a government who has proven they can't run it?

It's stunning that you idiots can't learn from your mistakes. 

I guess the overpowering desire for "free" Bad word, is too much for you to overcome. 

 

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22 minutes ago, Golfboy said:

Typical Zero, always trying to blame Republicans for her party's failures. 

 

what do you mean her party's failures? when society doesn't give you the answers you need, discover what those directing social outcomes historically don't want everyone understanding without them.

 

what does academia in every society teach each ancestor added to the atmosphere?  It is physically impossible to remain eternally separated at the same time. How does life actually exist beyond theory, theology, speculation life exists outside the moment here.

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