Posted on 10/01/2013 8:54:08 PM PDT by dokester
Grady Memorial, Georgia's biggest hospital, announced today it will lose $45 million dollars a year because of Obamacare.
Obamacare don’t need no stinking hospitals.
Pray America is Waking Up
Were all these hospitals and companies holding off on their announcements hoping the republicans would stop it from being implemented? -————
I’d say so.
It’s going to get uglier by the day.
Or...they, the life insurance companies, and the banks (delayed Tapering through the rest of the year), now know not enough are going to sign up into the MBS ponzi scam.
Or...they, the life insurance companies, and the banks (delayed Tapering through the rest of the year), now know not enough are going to sign up into the MBS ponzi scam.
Excellent point.
It’s going to be a huge mess and get worse by the day.
A lot the fools who wanted Obamacare are going to avoid it.
GA FReeper ping.
I won't even bother signing up. I don't even want to know what the costs are.
They can't make 1/2 of Americans criminals without a huge revolt.
If it is an inner city hospital (which it sounds like) I would be very surprised if it is not operating at a loss already. I can guarantee you they are not making anywhere near a 45 million dollar profit. This if sustained would sink any hospital. Imagine our cities without an inner city hospital with a level one trauma unit . Where will these patients go?
Most hospitals across the country are barely scraping by as is. Medicare and Medicaid are not enough to keep the doors open. When Obamacare hits many will likely have to close. In most major cities (and surrounding suburbs) there are not enough hospital beds to handle a bad flu season let alone an epidemic or mass casualty event. Of course that’s OK because we already have a nursing and doctor shortage. More people may have “insurance” but the system is marginal to start with and could easily collapse like a string of legos falling. Then where will all the newly insured and all the rest of us go for health care?? And don’t forget the aging of the population I’d already straining the system as more people awe getting too the age where they are more likely to need hospitalization but are moving into the lower paying Medicare population. I don’t think many hospital CEOs are sleeping well at night
Does that include the money they steal from double charging?...
Probably not..
It’s a heart-of-Atlanta public hospital. Funded largely by two counties and a budget from the state of Georgia.
So it has a huge contingent of non-paying patients, victims who sometimes have insurance who have unfortunately been hurt near there, etc.
Lately the hospital has been heavily advertising its expertise in burns, emergency services, diseases etc. trying to get metro-area insurance patients to use it.
One thing I’ll say is that it is the most capable hospital for gunshot wounds, knife wounds and the like - first rate trauma also.
If I were in an accident near there, I’d be taken there and I wouldn’t mind for a short while (to get stabilized) I’d then transfer somewhere else for recovery.
We’ve been spoiled...no employer should have ever provided health care benefits for their employees in the first place.
Medical insurance began as a result of wage controls in WWII and after. Employers had to offer something that wasn’t wage controlled.
Barry will go golfing.
Yes Kaiser Steel. And it got so danged expensive when people realized it was 3rd payer and "free" they also invented the HMO to try to control cost.
And you dovetail on a larger thought that is impossible for America to get it's arms around could if you go their it also means do you disassemble Medicare/Medicaid ( or try serious free-market models ) because the Kaiser experiment we all are living is wrong and do we go back before Kaiser?
Or...
Do we adopt a "universal template" of a free-market nature.
The plan in mind I have is one touted by a State Senator here in Michigan and it failed in the Senate by one vote ( turncoat Rino did it ). This plan the brainchild of Sen. Pat Colbeck, combines the Obama Loop-Hole of "concierge service" with what is now almost illegal Health Savings Accounts. So you pay a primary care a flat rate per month for unlimited service while you have catastrophic / HSA if you get hit by the bus.
We need to ween ourselves from 3rd party payer, or go with the model I suggested, or we will end up with single payer...
Ben Carson thinks HSA’s are a good idea.
The ObamaCare Medicaid expansion puts a large, unfunded mandate on the states. The increased federal funding of the Medicaid expansion is temporary. Some Republican governors agreed to participate in the Medicaid expansion (Ohio, New Jersey), because they felt they could not turn down the federal dollars. Others rejected it because they felt even with the federal dollars, in a few years when the federal dollars were reduced, they would no be able to maintain the funding for the expansion.
unless they fire half their staff, nobody cares.
Revenue isn’t income. Income is whats left after expenses are deducted from revenues. we can say they have a negative margin of 5.1%, that is to say for every dollar in revenue they will lose about a nickel providing revenue were to stay the same. I am sure they are looking at greater revenues with smaller reimbursements thus accounting for the loss.
At a guess they try and balance revenues with expenses and likely operate at a small loss yearly. They probably get donations, gifts, which make up for losses. In NYC all the hospitals have buildings or wings named after donors.
If you’re in a car wreck in Atlanta, you want to go to Grady. Best trauma center in GA.
A few years ago my husband had a detached retina and didn’t have insurance. He went to Grady’s emergency room, was bumped to the top of the line, had a room in a few hours and was operated on the next day. His eye was saved. Couldn’t have gotten better care.
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