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Perhaps someone can ask Congressman Joe Donnelly why this is a good thing for his district's economy? According to news reports, a hospital frequented by constituents of the ObamaCare-supporting Joe Donnelly in central Indiana, Howard Regional Health Systems, is preparing to cut $13 million thanks in large part to the new law.
In case you're wondering, those $13 million in cuts could affect patient care and services, as well as workers from doctors to janitors. All just part of the Democrat Party's ongoing efforts to help, "the working man."
Check out this telling line from one story:
"There has been a significant change in our payer mix, which is reflective of Kokomo, as it went through the recession, the restructuring of the employer base and changing demographics," he said. "We're positioning ourselves for that changing population, which will lead to more Medicare and Medicaid."
Hospitals are reimbursed by the federal and state government for Medicare and Medicaid patients at 70 percent of the cost and, at Howard Regional, commercial insurance carriers paid 130 percent of the cost, according to Allender.
"That cost shifting has always been able to give us good financial performance and sustains the system," he said. "That is unraveling and particularly we're seeing less commercial and much more Medicare and Medicaid. That has to be offset by expense control.
"If we only get 70 cents of every dollar spent on Medicaid and Medicare, we obviously have to control the costs," Allender continued.
Got that? Those evil insurance companies Joe Donnelly and Barack Obama wanted to save us from were paying 130% of the cost owed to the hospital. Government insurance (Medicare and Medicaid) only reimbursed the hospital at 70%. Hospitals like Howard Regional were able to sustain such under-paying from the government because there were private insurance companies picking up the slack.
But under the genius ObamaCare system, all of that changes. States are forced to increase the rolls of Medicaid by making it easier for people to get that assistance. Further, a mandate that all Americans be insured will naturally cause those rolls to explode beyond all comprehension.
That means that places like Howard will see a marked increase in business - more people insured means more people coming in for every ache and pain they've got. But the majority of those people will be carrying government insurance which underpays the hospital. This puts such an enormous strain on the hospitals finances, that even now (before the law is even fully implemented) Howard Regional and others are having to do their best to prepare for the worst.
That means more people unemployed (ironically meaning, more people on government assistance, meaning even more strain on the private sector to pick up the slack). ObamaCare is an unfolding nightmare - for insurance, for hospitals, for doctors, for nurses, for working men and women everywhere.
If this report is concerning, hold on...unless it's repealed soon, you ain't seen nothin' yet.