New York’s swelling Medicaid rolls are
helping bankrupt Brooklyn’s biggest hospital
New York Post,
by
Betsy McCaughey
Original Article
Posted By: Ribicon,
9/12/2022 5:45:53 PM
Life, death, newborns entering the world, a CEO raking in millions, politicians calling for an investigation: all part of the drama swirling around Maimonides Medical Center, which lost a staggering $145 million last year. It’s Brooklyn’s largest hospital, and newly released financials show it barely has the cash to make it through another year.(Snip)Worse, the same basic story is being repeated at hospitals everywhere that treat the poor. Safety-net hospitals are bleeding red ink because Medicaid, the government health-insurance program, shortchanges hospitals, paying them only 67 cents for every dollar of care. Most hospitals shift the 33% in unmet costs to the privately insured patient
Reply 1 - Posted by:
columba 9/12/2022 5:51:08 PM (No. 1275662)
I live 3,000 miles away.
6 people like this.
Reply 2 - Posted by:
GoodDeal 9/12/2022 6:03:38 PM (No. 1275674)
Cloward and Piven taught to overload the system, crash the system, then remake it into what you really want. This is an intentional work in progress designed to crash the system. God only knows that what they really want is government control of all of healthcare. Doomed to fail.
30 people like this.
Reply 3 - Posted by:
itsonlyme 9/12/2022 6:12:42 PM (No. 1275678)
Illiquid yet liquid cesspool. The INVADERS don't care. The Demented Fuhrer is looking out for their needs while some U.S. Veterans have to wait 6 months for a medical appointment.
19 people like this.
Reply 4 - Posted by:
ThreeBadCats3 9/12/2022 6:27:51 PM (No. 1275690)
Related observation, you don’t see many med school graduates entering “private practice” any longer. In addition to Medicaid being a loosing proposition, many insurance companies reimburse whenever and whatever they please. A few specialties probably still do well, but unless you work for a functioning hospital, or choose dermatology, it is not particularly rewarding. Government and legal factors have killed medicine. In the past, I suggested Truck Driving to people looking for emotionally and financially pleasant futures. Presently, that is as bad or worse, and I feel badly for them.
13 people like this.
Reply 5 - Posted by:
bighambone 9/12/2022 7:02:32 PM (No. 1275719)
All the millions of illegal aliens that Biden is allowing to unlawfully enter and stay in the USA will be on Medicaid soon. You can safely bet on that!
26 people like this.
Reply 6 - Posted by:
JHHolliday 9/12/2022 7:05:27 PM (No. 1275721)
Happening everywhere. The hospitals used to make it up by charging people with group or private insurance outrageous prices but the insurance companies are cracking down on getting charged fifty bucks for an aspirin. I have been on both sides of this.
13 people like this.
Reply 7 - Posted by:
Northcross 9/12/2022 7:42:37 PM (No. 1275744)
Fortunately, according to our esteemed Border Czar Kamala Harris, the border is secure, so the influx of poor migrants has ended and the hospitals will soon be humming again.
11 people like this.
Reply 8 - Posted by:
skacmar 9/12/2022 7:46:22 PM (No. 1275747)
Posted earlier on Lucianne was an article on American's dissatisfaction with the health system. This article is a clear explanation of exactly why! Medicaid (free insurance for the "poor") reimburses healthcare providers less than their costs. This drives up what everyone else gets to pay, thus sky high deductibles on employer and private insurance plans. All Hospitals a required by law to provide services to everyone, insured or not, knowing that in many cases, they will never be paid. Stop making Medicaid "free". Lots of the "poor" are not so poor, they are just good at gaming the system.
21 people like this.
Reply 9 - Posted by:
seamusm 9/12/2022 8:02:07 PM (No. 1275766)
Obamacare itself caused such skyrocketing of health costs that thousands of employers dropped coverage for health insurance. All of us have experienced huge increases in deductibles and premiums and millions of younger folk have just dropped coverage altogether gambling they'd stay well. But fewer people to share costs means even worsened charges among the few of us left. People need to understand all of this is to create a demand for nationalized healthcare under a single insurance provider - the government. We will get what we are allowed to get by our elitist betters.
14 people like this.
Reply 10 - Posted by:
Norway 9/12/2022 8:24:41 PM (No. 1275790)
Literally every illegal alien who invaded the US since Brandon stole the office of POTUS, is on Medicaid.
11 people like this.
Reply 11 - Posted by:
watashiyo 9/12/2022 8:47:13 PM (No. 1275806)
Uuuuhm.....ObamaCare?
7 people like this.
Reply 12 - Posted by:
Encore 9/12/2022 10:15:07 PM (No. 1275880)
Obamacare? That’s the game-plan. They crash the system and when everyone’s at each other’s throat…who steps in to save us? That’s right, the government.
One more stepping stone to communism.
11 people like this.
Reply 13 - Posted by:
Trigger2 9/13/2022 5:04:26 AM (No. 1275995)
NY is a sanctuary city for migrants and criminals. Bankrupting hospitals is high on their list. It's to be expected. Call it the next Joey bailout.
9 people like this.
Reply 14 - Posted by:
Strike3 9/13/2022 5:38:47 AM (No. 1276000)
OP nails it, we spend more on "the poor" than we do on ourselves. Medicaid, welfare, EBT, SNAP, free meals for children, housing subsidies, free college, hundreds of free programs. Maybe we should study why they are poor, laziness, helplessness, lack of opportunities, inferior education? Let's fix that. Let's stop allowing all of these giveaways that are not for reasons of compassion but for vote buying. Put them to work, there are help-wanted signs hanging everywhere. Democrats did this.
I'm sure this hospital received millions of dollars in windfall or dishonest COVID funds, as did many others, let them use that to offset their losses. Charity is one thing, government extortion is quite another.
11 people like this.
Reply 15 - Posted by:
Speedypetey 9/13/2022 9:44:05 AM (No. 1276186)
And who do you think DeBlasio and now Adam's with Hochul's tyranny are driving out? W2's, 1099's, investors and pensioners with the means to bail. The backfill are fascist Democrat scammers, underground economy illegals paid cash for work and Welfare/Medicaid recipients.
0 people like this.
Reply 16 - Posted by:
Zigrid 9/13/2022 10:58:04 AM (No. 1276274)
The bureaucrats/democrats know only how to make money for themselves...and Obamacare was a joke and will always be a joke...single payer doesn't work...just ask Canadians...who wait months for needed surgery and often miles away from their families...when I lived in Canada many years ago...I lost a dear friend who needed heart surgery and was told she had to wait 6 months...she never made it...God rest her....
0 people like this.
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Is anything more expensive than when it's free? Especially with millions and millions of The World's Poor being imported wholesale by the US government in their drive to destroy the economy and throw everyone but themselves into poverty.