Hopefully the new President and cabinet will offer some relief in this areas. 50% of the hospitals in the US already are either bordering on insolvency or getting very close. In the related reading below there is an entire series on Desperate Hospitals that describe how many are coping and...
Posted to
The Medical Quack .... by Barbara Duck
on 11-12-2008
Filed under: Medically Related, Insurance, healthcare, Budget Cuts, Hospitals, Medicaid, Desperate Hospitals, outpatient services
More added to the list at various stages either with investigations, layoffs, some trying to figure out how to stay open next year. Some are already deep in debt while some are teetering on the fence post after budget cuts, in short all looking for money to survive and one home health care unit...
Increased charity is one of the reasons and of course there is the pressure from Medicare and insurers to limit rate increases, but many insurers are on their way to China as posted in prior articles here. There is also the big loss of federal funds, just look at us here in California for a quick...