"Medicaid and Medicare reimbursement in 2015 was under actual hospital costs for treating beneficiaries by $57.8 billion, the American Hospital Association (AHA) recently reported."
kevin can't read. Health care providers lose money on medicare & medicaid.
Golly, you mean hospitals would actually have to address costs? Thank you as that is my point.
To bad reality is in conflict with the liberal fantasy
From Deloitte & Moodys
"In the two years since we started our survey of US hospital and health system CEOs, improving financial performance and operating margins have climbed the list of concerns for CEOs, and these issues are now hovering near the top. With stagnating or declining hospital operating margins becoming more common.
What is the root cause of declining hospital operating margins? In addition to plummeting revenues and rising costs, the CEOs we surveyed attributed it to three main factors:
Overall, the report found hospitals' median operating margin fell from 3.4 percent in FY 2015 to 2.7 percent in FY 2016. Median operating cash flow also declined, from $76.4 million in FY 2015 to $75.9 million in FY 2016, according to the report.
The report found that the hospitals' annual operating expenses outpaced operating revenues, with expenses growing by 7.5 percent last year, compared with a 6.6 percent increase in hospitals' annual operating revenues. The increase in the hospitals' expenses was largely driven by growth in spending on prescription drugs and labor expenses, according to the report. For instance, the report found that insurance gains made under the Affordable Care Act increased patient demand, meaning the hospitals had to employ more nurses, physicians, and technicians.
While the numbers show hospitals experienced "an overall softening in operating performance and liquidity measures relative to last year's medians," Moody's said the hospitals' margins and liquidity "remain in-line with historical levels while demand trends remain generally positive."
But Beth Wexler, a vice president at Moody's, predicted that in the comping years hospitals' margins will experience increasing pressure as they spend more on prescription drugs and employee pensions and salaries. She added, "Revenue growth will also temper amid declining reimbursement from both private and governmental payers."
I started the thread to initate a discussion about the deaths of uninsured people in the US, not for idiot Trumpers like Tom to babble about hospitals overcharging people being a "liberal fantasy."
Addressing the grain of truth that may be concealed within Tom's ravings, hospitals and medical providers still make a profit. Therefore, American citizens pay more for medical services than they otherwise would under a single-payer system--and so does the government. I weep for those poor hospitals that are making, say, 6.7 billion this year as opposed to 6.8 billion last year. We're still all contributing to those profits.
Let's also not forget the billions of dollars that the medical and pharmaceutical industries spend on slipping fat checks into the pockets of Republicans to persuade them to vote against health insurance. Every dollar you spend on medical care, some portion of that money winds up in the pocket of a Republican legislator. I imagine our Trumpers are very happy about that.
Originally posted by: tom
"Medicaid and Medicare reimbursement in 2015 was under actual hospital costs for treating beneficiaries by $57.8 billion, the American Hospital Association (AHA) recently reported."
kevin can't read. Health care providers lose money on medicare & medicaid.
Nonsense. Independent audits would be the only way to find that out. Who assesses those costs? Hospitals have every incentive to overstate their Medicare/Medicaid costs in order to press the government for larger reimbursements. Why believe the AHA?
Everyone here and in America knows who has all the answers -stay turned as we get educated by our resident Oz....
As usual, when faced with facts kevin ignores the facts.
The GAO estimates that Medicare fraud exceeds $57 billion annually. But kevin wants to expand the potential for fraud
Originally posted by: tom
As usual, when faced with facts kevin ignores the facts.
The GAO estimates that Medicare fraud exceeds $57 billion annually. But kevin wants to expand the potential for fraud
You have no idea what I actually want, dumbass.
