Noteworthy News

Archive for November, 2011

 

Non-Profit Hospitals Would be Hurt Most if Congressional Supercommittee Fails

Non-profit hospitals with weak credit ratings would be hurt most if the congressional “supercommittee” fails to recommend at least $1.2 trillion in cuts to Congress. If the committee – formally, the Joint Select Committee on Deficit Reduction – fails to recommend cuts to Congress by November 23, an automatic two percent cut in Medicare payments would take effect.  According to Fitch Ratings, each percentage point cut in Medicare payments would cost hospitals 40 basis points in net revenue and would reduce operating profitability by an average of 14 percent. Fitch’s also noted that non-profit hospitals with weaker credit ratings generally [&hellip

New NAUH Study Evokes Positive Response

The National Association of Urban Hospitals’ recently released study on the potential job loss associated with implementation of the Affordable Care Act and other Medicare cuts currently under consideration by Congress has produced a steady stream of calls to the NAUH office seeking additional information and comment. Last week NAUH released a new analysis, “Future Medicare Cuts and Hospital Job Losses,” that showed that Medicare cuts mandated by the Affordable Care Act could cost hospitals as many as 87,000 direct jobs and additional cuts currently under consideration by the congressional Joint Select Committee on Deficit Reduction could cost another 46,000 [&hellip

Urban Hospitals Fighting to Ensure Access to Care

Across the country, urban safety-net hospitals work to continue serving their communities in the face of large numbers of uninsured and Medicaid patients.  This problem appears to be reaching a crisis point in Brooklyn, where eight of the ten remaining private hospitals are struggling financially.  State officials appear to realize they are on the verge of a crisis and are looking for new ways to ensure access to care for Brooklyn’s large low-income population. Read about this challenge in a New York Times article

Let Medicare Lead on Serving Dual Eligibles, Study Argues

Contrary to the current trend of state Medicaid programs taking the lead on serving the dual eligible population, Medicare should be the driving force in finding better ways to serve the these patients, according to “Refocusing Responsibility For Dual Eligibles: Why Medicare Should Take The Lead,” a report by the Urban Institute. Eighty percent of the money spent on the care of dual eligibles, the report notes, are federal dollars, not state funds, giving Medicare and the federal government a much greater stake in finding new and better approaches to serving these costly patients. Dual eligible patients pose special challenges [&hellip

New NAUH Study Projects Job Loss Associated With Medicare Cuts

Impending and proposed Medicare spending cuts could lead to massive job losses in American hospitals. A new National Association of Urban Hospitals (NAUH) study – “Future Medicare Cuts and Hospital Job Losses” – finds that hospitals could lose as many as 87,358 direct jobs because of Medicare disproportionate share (Medicare DSH) and other Medicare spending cuts associated with implementation of the Affordable Care Act and another 46,103 hospital jobs if additional Medicare cuts currently under consideration in Congress – the elimination of Medicare bad debt reimbursement and a 60 percent cut in Medicare indirect medical education payments (Medicare IME) – [&hellip

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