Hospitals See Profits in White House Deal

nytimes.com ^ | August 24, 2009 | David D. Kirkpatrick

[NoObamaFightForConservatives]

Update | 9:02 p.m. An earlier version of this article repeated an erroneous figure in the analysis it links to from the Tennessee Hospital Association. That error has been corrected in this article, but is still incorrect on the hospital association’s document. The $171 billion number covers all 10 years. It is not an annual figure for 10 years.

How good for the hospitals was the deal they got from the Obama administration last month to support its health care overhaul? A profitable one, according to a run through the numbers by one hospital association.

Recall that the White House and hospital industry officials announced in July that the industry had agreed to contribute $155 billion in cost savings over 10 years to help pay for the administration’s health care overhaul effort. At the time, some critics of the administration wondered what the hospitals expected in return.

Now a cost-benefit breakdown quietly posted on the Web site of the Tennessee Hospital Association helps fills in the answer

[NoObamaFightForConservatives]

This articles title found at hotair.com...

What Do U.S. Hospitals Get for Backing ObamaCare? 16 Billion.

[browniexyz]

Figgers it’s from Tennessee—where Nancy Ann Min De Parle, White House Health Czar is from, a state whose health care she’s been ruining for almost 20 years.

[dalebert]

more corruption....all they want is your money

[CPT Clay]

Fascism is very profitable for the few favored industries.

[MikeWUSAF]

Essentially they will get paid for what they have to write off now.

If all patients are covered by credible insurance, hospital revenues will increase as charity care goes away. AHA conservatively estimates that, nationally, hospitals will receive an additional $171 billion per year in the form of reimbursement for the newly covered uninsured.

[N. Theknow]

If all patients are covered by credible insurance, hospital revenues will increase as charity care goes away. AHA conservatively estimates that, nationally, hospitals will receive an additional $171 billion per year in the form of reimbursement for the newly covered uninsured.

Hospitals do not write off "charity" care. They pass it on to those who pay.

This will allow the hospitals to double-dip with passing on the cost of charity and being reimbursed by the taxpayers.

[NoObamaFightForConservatives]

I wonder if the hospital Michelle 0bama used to admin at will get special slush funds I mean funding?

[the invisib1e hand]

cash-for-clunkers might work for them, too.

[NoObamaFightForConservatives]

we need a clean-up of all of our public servants and replaced with real people; their heads and pocket books have gotten too big.