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.
The breakdown estimates that the industry will receive about $171 billion in additional money over those same 10 years as a result of reimbursements for newly insured patients who would be covered under the overhaul plan. In other words, the hospitals would give up $155 billion in cost cuts, but take in $171 billion in new money — a net gain of $16 billion.
What’s more, the Tennessee association notes that the deal delays most of the industry’s cost givebacks until the second half the agreement’s 10-year year period — well after the hospitals have enjoyed some of the benefits of the new money they’re expecting from expanded insurance coverage.
In other ways, the agreement appears to protect the hospitals from cuts they might have sustained anyway. And about $103 billion are agreed-upon reductions to the growth of certain reimbursements that might have taken place anyway. The association noted that similar cuts took place in seven out of the eight years through 2003.
Answer by grlygrlz2 at 8:54 AM on Aug. 25, 2009
Answer by grlygrlz2 at 8:55 AM on Aug. 25, 2009
Answer by Anonymous at 9:15 AM on Aug. 25, 2009
a net gain of $16 billion
I am sure of it anon :15.
Answer by QuinnMae at 11:24 AM on Aug. 25, 2009
Answer by itsmesteph11 at 11:31 AM on Aug. 25, 2009
Answer by Anonymous at 11:36 AM on Aug. 25, 2009
Answer by tnmomofive at 12:02 PM on Aug. 25, 2009
Answer by grlygrlz2 at 12:15 PM on Aug. 25, 2009
Answer by tnmomofive at 12:50 PM on Aug. 25, 2009
Answer by Crissy1213 at 3:28 PM on Aug. 25, 2009
Check out some of the top posts today in Groups: