Posts Tagged ‘Hospitals

09
Oct
14

Hospitals Will Save $5.7B?!?! Thanks, ObamaCare

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HHS.Gov: New Report Projects A $5.7 Billion Drop In Hospitals’ Uncompensated Care Costs Because Of The Affordable Care Act

A report released today by the Department of Health and Human Services projects that hospitals will save $5.7 billion this year in uncompensated care costs because of the Affordable Care Act, with states that have expanded Medicaid seeing about 74 percent of the total savings nationally compared to states that have not expanded Medicaid. For over a decade prior to the Affordable Care Act, the percentage of the American population that was uninsured had been growing steadily. But with the significant expansion of coverage under the health care law through the Health Insurance Marketplace and Medicaid, the uninsurance rate is at historic lows.

As a result, the volume of uncompensated care provided in hospitals and emergency departments has fallen substantially in the last year, particularly in Medicaid expansion states. Projections from today’s report suggest that hospitals in states that have expanded Medicaid under the Affordable Care Act will see greater savings than hospitals in states that have not expanded Medicaid. Hospitals in states that have expanded Medicaid are projected to save up to $4.2 billion, which makes up about 74 percent of the total savings nationally this year. Hospitals in states that have opted not to expand Medicaid are projected to save up to $1.5 billion this year, and which is only 26 percent of the total savings nationally.

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21
May
14

The Commander-In-Chief Speaks

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President Barack Obama speaks in the Brady Press Briefing Room of the White House following his meeting with Veterans Affairs Secretary Eric Shinseki. The White House moved Wednesday to address the growing furor over allegations of misconduct at the Department of Veterans Affairs, summoning VA Secretary Eric Shinseki to an Oval Office meeting, hours before the House was scheduled to vote on a bill that would grant the secretary more authority to fire or demote senior executives.

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NPR: Obama: People ‘Will Be Held Accountable’ For Veterans Affairs Problems

Anybody found to have manipulated or falsified Veterans Affairs records “will be held accountable,” President Obama said Wednesday. The president condemned the reported widespread problems at the VA, defending Secretary of Veterans Affairs Eric Shinseki. Obama spoke after he and Shinseki met in the Oval Office Wednesday morning with White House deputy chief of staff Rob Nabors, who since last week has been detailed to work with the VA. Neither of those men attended the president’s news conference. Speaking about reports of long wait times — and efforts to cover up the delays — Obama said that if they’re proven true, the behavior is “dishonorable” and “disgraceful.” “I will not stand for it,” Obama said. “None of us should.”

The president said that Nabors is heading to Phoenix today to look into reports that a facility there had produced misleading statistics about veteran care. Obama mentioned accountability several times in his prepared remarks; he also noted that some employees had already been put on administrative leave. He said that his administration will continue “bringing the VA into the 21st century – which is not an easy task.” Obama also defended Shinseki, saying, “No one cares more about our veterans.” But Obama added that he told Shinseki today that he expects accountability and improvement in the full report on the VA’s problems.

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08
May
14

ObamaCare: Winning Across The Board

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Igor Volsky: Obamacare Is Already Providing A Big Boost To Public Hospitals

In yet another boost to the health care law, some publicly traded hospitals are claiming that provisions in the Affordable Care Act are already increasing their bottom lines. During a call with investors on Wednesday, Community Health Systems CFO Larry Cash claimed that the company has already seen a decrease in self-pay admissions in the states that have expanded their Medicaid programs and predicted that the law would lower those kind of admissions from 8 percent to 4 percent over a three-year period. The CEOs of LifePoint Hospitals and HCA reported similar experiences: in states that expanded their Medicaid programs,

Medicaid admissions grew, while the number of uninsured admissions declined at faster rates than in states that have yet to comply with the Medicaid provisions of the health care law. “So far and as expected, the new health care law has been a net positive for LifePoint with respect to Medicaid expansion,” CEO Bill Carpenter said during the call. “In the seven states where we operate that have expanded coverage, we saw increasing Medicaid and decreasing self-pay volumes. Increases in Medicaid membership and health insurance exchange participation contributed measurably to our results in the quarter.”

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