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From: somebody else made that happen
Newsgroups: az.politics,dfw.politics,ca.politics,misc.survivalism
Subject: Re: Former SEALS Rip Obama
Date: Mon, 01 Oct 2012 09:03:15 -0600
Organization: A noiseless patient Spider
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On 9/30/2012 6:29 PM, somebody else made that happen wrote:
> On Sat, 29 Sep 2012 23:41:28 -0600, somebody else made that happen
http://lauraingraham.com/b/America-under-ObamaCare,-Day-239:-Hospital-job-losse
s-increase/-413285077856810758.html
Repeatedly, reports have shown that Obamacare will increase job loss.
But what happens when those who are laid off are the workers meant to
enable the health care law's expanded access of care: namely, hospital
employees?
According to one hospital, layoffs of workers have already begun as a
result of the new law. Leaders of Memorial Hospital in South Bend,
Indiana, said that although "the economy sparked this problem...the
Obama Health Care Reform Act gave the hospital a one-two punch. While
more people may soon get more health coverage, Obama's plan cuts
reimbursement dollars for hospitals at a time administrators say they
could use them most."
Obamacare includes $575 billion in cuts to Medicare to pay for a
Medicaid expansion and a new entitlement program, which will provide
generous subsidies for middle-class Americans to buy insurance. The cuts
include slashes to hospitals' reimbursement rates.
Of course, cutting reimbursement rates is bound to have an effect on
hospital operations. Centers for Medicare and Medicaid Services Chief
Actuary Richard Foster reports:
"[P]ayment update reductions will create a strong incentive for
providers to maximize efficiency, [but] it is doubtful that many will be
able to improve their own productivity to the degree achieved by the
economy at large."
"[P]roviders for whom Medicare constitutes a substantive portion of
their business could find it difficult to remain profitable and, absent
legislative intervention, might end their participation in the program
(possibly jeopardizing access to care for beneficiaries). Simulations by
the Office of the Actuary suggest that roughly 15 percent of Part A
providers would become unprofitable within the 10-year projection period
as a result of the productivity adjustments."
Health providers dropping Medicare patients is the worst case scenario,
especially in light of the flood of baby boomers set to retire and join
Medicare. For now, many hospitals are preparing for revenue cuts as best
they can. For Memorial Hospital, this means reducing the work force. "We
expect that reality to get worse moving forward,"the health facility said.
Obamacare is projected to insure 34 million more Americans by 2019. But
by 2015, the nation will face a physician shortage of 63,000 doctors
across all specialties, up from 39,600 before the law passed. The last
thing the U.S. health care system needs is "reform" that encourages a
reduction in its work force.
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