Insurers, Hospitals Enjoying The Profit Of obamacare

Here's another nail in the coffin of the case for repealing Obamacare. Two of the major players in the healthcare industry—hospitals and insurance companies—are getting a much bigger stake in the law as they foresee profits under it. HCA Holdings Inc. (HCA), the largest for-profit hospital chain, yesterday raised its forecast and reported a 6.6 percent drop in uninsured patients at its 165 hospitals, a reduction that grows to 48 percent in four states that expanded Medicaid, a top initiative of the Patient Protection and Affordable Care Act.

BING NEWS:
  • NJ hospitals opt for profits over patients and nurses. The Legislature must act
    Nurses and hospital ancillary staff, both union and non-union alike, are advocating to fix this problem. They have endorsed legislation in Trenton to establish minimum nurse to patient staffing ratios ...
    05/3/2024 - 9:25 pm | View Link
  • Lawmakers and hospitals are divided on providing free care for tax breaks
    Nonprofit hospitals say legislative efforts that require them to provide more free care could hurt the people they are intended to help.
    05/3/2024 - 3:17 am | View Link
  • Many Indiana hospitals struggling financially amid rising expenses, report says
    More than four years after the start of the COVID-19 pandemic, many Indiana hospitals are still barely breaking even and their financial viability remains at risk, according to a report released ...
    05/1/2024 - 11:00 pm | View Link
  • For-profit health systems' selling spree continues
    Community Systems announces sale of Tennova Healthcare-Cleveland to Hamilton Health Care System for $160M, with potential for more divestitures in 2024.
    04/26/2024 - 2:34 am | View Link
  • Opinion: Is it time to get rid of the Certificate of Need program? I’d say it’s overdue
    I’ve thought the state’s Certificate of Need program is, well, a CON. A CON-con if you will, although I doubt that will catch on as a new dance craze, unless it involves patients in the Mission ER ...
    04/21/2024 - 11:59 pm | View Link
  • More

 

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