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Hahnemann University Hospital, a 496 bed major teaching hospital in Philadelphia, is closing its doors. It treats inner city residents both US citizens and aliens (legal and otherwise) who cannot pay for their treatment. Its other big mission is training residents and fellows who will then fan out to other parts of the USA. It has over 500 resident doctors who must scramble to find new teaching hospitals. It also has more than 2,5000 other employees who will loose their jobs.
This is a tragedy and a reminder of why "Obamacare" is a grossly inadequate solution to the US healthcare crisis.
Hahnemann University Hospital, a 496 bed major teaching hospital in Philadelphia, is closing its doors. It treats inner city residents both US citizens and aliens (legal and otherwise) who cannot pay for their treatment. Its other big mission is training residents and fellows who will then fan out to other parts of the USA. It has over 500 resident doctors who must scramble to find new teaching hospitals. It also has more than 2,5000 other employees who will loose their jobs.
This is a tragedy and a reminder of why "Obamacare" is a grossly inadequate solution to the US healthcare crisis.
How any hospital can go "broke" when they charge $30 for an aspirin and many thousands of dollars for any simple procedure, is beyond me. Yes, they may have some indigents, but also enough paying customers to cover that expense.
"Obamacare" created more demand without creating supply. There was a time when any first or second year high-school student would have knows that this was going to be a disaster, but they have dumbed-down the schools in order to push the socialist agenda.
It is sad when a man like Obama, who does not have the economic education that a sophomore high school student would have had in the fifties, is not only elected president, but lauded as some kind of hero.
"Obamacare" created more demand without creating supply. There was a time when any first or second year high-school student would have knows that this was going to be a disaster, but they have dumbed-down the schools in order to push the socialist agenda.
It is sad when a man like Obama, who does not have the economic education that a sophomore high school student would have had in the fifties, is not only elected president, but lauded as some kind of hero.
But most people aren't even on ObamaCare, so don't see how that has much to do with the situation. If you only read the article you'd know that ObamaCare had little to do with it. 36 percent of that hospital's revenue last year came from Medicare and 29 percent from Medicaid. So please pin the blame where it belongs, because it most certainly wasn't ObamaCare.
But most people aren't even on ObamaCare, so don't see how that has much to do with the situation. If you only read the article you'd know that ObamaCare had little to do with it. 36 percent of that hospital's revenue last year came from Medicare and 29 percent from Medicaid. So please pin the blame where it belongs, because it most certainly wasn't ObamaCare.
This is a testament to exactly what I said.
Libdems brag that Obamacare added 40 million to the rolls. Insofar as this is true, hundreds of thousands of new doctors, nurses, other medical professionals,and facilities were not also created. More demand+same supply=skyrocketing prices. If those prices are artificially controlled, as in forcing private industry to accept poor and partial government compensation, it leads to lack of profit, total income in the red, and bankruptcies as well.
Had you gone to school in the 1950s, possibly even the 1980s, you would have understood all of this and voted against Obamacare. It has nothing to do with "most people" being on it.
By the way, when you lecture someone like me that actually understands economics, it shows that sad mix or ignorance and arrogance that keeps your party in business.
How any hospital can go "broke" when they charge $30 for an aspirin and many thousands of dollars for any simple procedure, is beyond me. Yes, they may have some indigents, but also enough paying customers to cover that expense.
I suspect poor management personally.
i agree...if somehow these hospitals are within a network i suspect money was shuffled around the books to improve another network hospital by design
But most people aren't even on ObamaCare, so don't see how that has much to do with the situation. If you only read the article you'd know that ObamaCare had little to do with it. 36 percent of that hospital's revenue last year came from Medicare and 29 percent from Medicaid. So please pin the blame where it belongs, because it most certainly wasn't ObamaCare.
ACA/Obamacare greatly increased the Medicaid rolls. That was one of the main features. There were multiple threads back then where conservatives were warning this (closures) would happen and they were mocked at the time.
This is a tragedy and a reminder of why "Obamacare" is a grossly inadequate solution to the US healthcare crisis.
So whats your solution to the healthcare crises?
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