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In your opinion~What does the future hold for our nation's hospitals?

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 Question
 
grlygrlz2

Asked by grlygrlz2 at 1:16 PM on Aug. 31, 2010 in Politics & Current Events

Level 39 (106,530 Credits)
Answers (7)
  • Read entire from WSJ: Moody’s Investors Service said in April that many standalone hospitals won’t have the resources to invest in information technology or manage bundled payments well. Many nonprofits have bad credit ratings and in a tight credit market cannot borrow money, either. Meantime, the federal government is expected to cut aid to hospitals.


    grlygrlz2

    Comment by grlygrlz2 (original poster) at 1:17 PM on Aug. 31, 2010

  • According to the article, some government owned hospitals are looking to sell out to for profit hospitals... Thoughts?
    grlygrlz2

    Comment by grlygrlz2 (original poster) at 1:21 PM on Aug. 31, 2010

  • Those smaller hospitals will go away or at least sell out just as the smaller insurance companies will do. They can't compete.
    itsmesteph11

    Answer by itsmesteph11 at 1:23 PM on Aug. 31, 2010

  • Hmm, we'll see ... I don't think we will know for sure what will happen yet under the Obamanomics.
    tasches

    Answer by tasches at 1:42 PM on Aug. 31, 2010

  • Closures, layoffs, longer waits, shorter stays (meaning shorter than safe), less time spent per patient and higher bills.
    NotPanicking

    Answer by NotPanicking at 1:55 PM on Aug. 31, 2010

  • We will have two levels of care-govt hospitals heavily in debt with substandard care and private (including non-profit and for profit as in not govt run) hospitals where only certain people can afford care. If you want to see what it looks like-take a look at nursing homes that accept medicare and those that do not-not a pretty picture.

    But hey, we will all have health insurance-that was the goal right--UGH!
    soyousay

    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. 

    musicmom08

    Answer by musicmom08 at 4:11 PM on Sep. 1, 2010

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