With ObamaCare looming~Do you think this article displays a 'step' in the right direction
[WSJ] More than a fifth of the nation’s 5,000 hospitals are owned by governments and many are drowning in debt caused by rising health-care costs, a spike in uninsured patients, cuts in Medicare and Medicaid and payments on construction bonds sold in fatter times. Because most public hospitals tend to be solo operations, they don’t enjoy the economies of scale, or more generous insurance contracts, which bolster revenue at many larger nonprofit and for-profit systems.
Local officials also predict an expensive future as new requirements—for technology, quality accounting and care coordination—start under the healthcare overhaul, which became law in March.
Answer by itsmesteph11 at 1:23 PM on Aug. 31, 2010
Answer by tasches at 1:42 PM on Aug. 31, 2010
Answer by NotPanicking at 1:55 PM on Aug. 31, 2010
Answer by soyousay at 2:22 PM on Aug. 31, 2010
Hospitals are in a bind because of this phase ``Our charity care was quite high and our bad debt was high, too.'' The future for our hospitals looks dismal.
Answer by musicmom08 at 4:11 PM on Sep. 1, 2010