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The nation's largest private hospital system, Hospital Corporation of America, and others see profits increased as a result of Obamacare:

 

"Hospital Corporation of America, the biggest for-profit hospital network in the country, reported a 6.6 percent decrease in uninsured patients across its 165 hospitals, according to Bloomberg. And in the four states where HCA operates that expanded Medicaid, the drop was 48 percent.

 

LifePoint Hospitals reported that the percentage of its patients paying for their own care declined from 7.1 percent to 4.8 percent over the last year, according to Bloomberg.

Those trends have led to a brightening financial outlook for the companies, according to Bloomberg. Both HCA and LifePoint increased their fiscal forecast recently as the increase in paying customers became clear. LifePoint specifically estimated that Obamacare added $13 million to its total earnings in the second quarter, 40 percent above its expectations."

 

http://www.bradblog.com/?p=10739

I yam what I yam and that's all I yam--but it is enough!

Last edited by Contendah
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People might be getting treatment before their good insurance disappears:

 

By 2020, about 90 percent of American workers who now receive health insurance through their employers will be shifted to government exchanges created by the health law, according to a projection by S&P Capital IQ, a research firm serving the financial industry.

 

It’s not an outlandish notion. Ezekiel Emanuel, an architect of the Affordable Care Act, has long predicted a similar shift.

http://www.nytimes.com/2014/05...he-way-out.html?_r=0

 

 

Obamacare hasn't kicked in for most yet.  Stats when it does will be quite different as people are forced into lower quality insurance and no care.  Of course, the single payer was the progressive goal -- something only the Soviet Union and Canada ever had.  After the Canadian Supreme court ruled that waiting time for specialists cause suffering that met the definition of torture, private care and insurance came back.  We'll probably have care somewhere between that of the VA and Sweden -- waiting time for a GP longer than Albania's

The reason for the 6.6% increase in revenue, is because they decreased the physician reimbursemnet and shifted it to the hospitals. This makes it harder for private physicians to provide care and explains the reason you are seeing more and more hospital owned practices.  That works well until the hospital decides that those specialites are not making money any more and they cut them out. Look for more of it to occur here locally very soon.

Originally Posted by teyates:

The reason for the 6.6% increase in revenue, is because they decreased the physician reimbursemnet and shifted it to the hospitals. This makes it harder for private physicians to provide care and explains the reason you are seeing more and more hospital owned practices.  That works well until the hospital decides that those specialites are not making money any more and they cut them out. Look for more of it to occur here locally very soon.

I guess you doctors sold out too quick t. I warned you.

 

I've been reading in Nashville and Memphis newspapers how doctors groups after groups continue to sell their practices to local hospital chains.  One large hospital refused to accept O'Bamacare, and 1,700 physicians and nurse practitioners were excluded from the program.

 

West Clinic (cancer) had to sell out because hospitals were purchasing drugs and treatments at "hospital/bulk" prices, and they simply couldn't compete--sold to Memphis Methodist group.

 

And when hospitals buy physician practices, the doctors are independent contractors, and the rest of the employees are hospital employees.  And doctors that are in their late 50's and older are retiring in droves.  Healthcare of the future will be provided by less trained nurse practitioners since there will be so many less doctors working.

What happened to the AMA? The smart doctors didn't want collective bargaining so they sold their souls to corporate medicine. Now lÖÖky what we got. I would imagine an DO sold out first to spite the AMA for their being shut-out of the AMA.

 

Now corporate hospital executives and nurses are practicing medicine without a license.

HÖly cow

Hi all,

 

And, that, my Friends is Obama's Liberal Socialism in practice!  Can't you just imagine Obama's thrill and elation when it becomes full Marxism?  By that time he will be playing golf every day -- while on a never-ending tax-payer funded Family Vacation!

 

Even knowing this -- "Fool me once, shame on you!   Fool me twice, shame on ME!" -- folks let him FOOL us twice.  And, now they are working to get his evil twin, Hillary, elected.

 

Do you suppose the rest of that saying is:  "Fool me THREE times -- and I am an idiot!"?

 

Bless his heart!

 

Bill

 

Oppose My Dictarship

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Originally Posted by Quaildog:

What happened to the AMA? The smart doctors didn't want collective bargaining so they sold their souls to corporate medicine. Now lÖÖky what we got. I would imagine an DO sold out first to spite the AMA for their being shut-out of the AMA.

 

Now corporate hospital executives and nurses are practicing medicine without a license.

HÖly cow

Get your facts straight QD.

The AMA is not a union.  There is no collective bargaining power with the AMA.  Insurance companies stand behind a little know federal law that says professional medical personel cannot use collective bargaining to their advanatage, so therefore they will not even meet with a group of physicians to discuss reimbursements. The AMA is going downhill because much like the unions you mentioned, they priced themselves right out of existence.  They want upwards of $750 a year for membership, yet everytime the government comes along with some half-azzed scheme which deprives the workforce of more money, or puts higher demands on the office staff, they jump in bed with them.  It is run by a bunch of academicians who have no idea how it works in the real world.  Few if any of the leadership actually sees a patient, though they all have flowery resumes.  You could shoot a birdshot in a group of physicians and not hit one who will actually admit to belonging to the organization, yet they claim to represent the majority of phsycians in the country. The only numbers they have come from the free memberships they give every medical resident.  Of course when those people graduate and see the real world, and get a big bill from the AMA they throw it in the trash and realize they do nothing for us.

The AMA welcomes any physician, whether they are allopathic or osteopathic trained, since all of them use the same color money. They certainly don't practice the prejustice you claim others have, money is the great equalizer.

And yes nurses are practicing medicine.  Better get used to it. The coming medcial environment will be staffed primarily by first tier care providers, namely nurse practioners.  They are already being given priviledges to do endoscopy and write prescriptions without oversight.  Eventually they will demand the same pay as their more highly trained colleagues who actually attended medical school.  When that happens, the  government will just move down the list and find the next most qualified provider to fill their place. Word is that they can probably use pipefitters and electricians in the urology and cardioly clinics, so hang in there, we might find something for you do yet.....

Originally Posted by Contendah:

The nation's largest private hospital system, Hospital Corporation of America, and others see profits increased as a result of Obamacare:

 

"Hospital Corporation of America, the biggest for-profit hospital network in the country, reported a 6.6 percent decrease in uninsured patients across its 165 hospitals, according to Bloomberg. And in the four states where HCA operates that expanded Medicaid, the drop was 48 percent.

 

LifePoint Hospitals reported that the percentage of its patients paying for their own care declined from 7.1 percent to 4.8 percent over the last year, according to Bloomberg.

Those trends have led to a brightening financial outlook for the companies, according to Bloomberg. Both HCA and LifePoint increased their fiscal forecast recently as the increase in paying customers became clear. LifePoint specifically estimated that Obamacare added $13 million to its total earnings in the second quarter, 40 percent above its expectations."

 

http://www.bradblog.com/?p=10739

I thought the Democrats were against BIG Business and that's one thing that Hospitals are.  Maybe it's good that someone is doing good because the AVERAGE American, most Americans are doing WAY WORSE under Democrat Healthcare (aka Obamacare) than they were and are under their own private insurance that they had prior to the un(Affordable Healthcare act).  In fact my brother in law who worked as a janitor at a school in Tennessee had to change policies due to Democratic Healthcare and not only did the cost of the insurance cost him 30% more pre month out of his pocket but for the pleasure of paying 30% more he's now got a $4000.00 deductible BEFORE any insurance pays against the bill whereas with his former insurance policy BEFORE Democrat Healthcare his deductible was only $400.00.

 

He makes $38,000.00 annually so tell me Contendah OR any other Democratic supporter JUST HOW IS HE BETTER UNDER Democrat Health care?   Other than the fact that IF he wants Birth Control he can get it but being 63 and his wife 62 doubtful that will be an issuer and I doubt that she's interested in having an abortion either.  OH and their primary physician who saw them before has now informed them that he is not accepting their new Insurance and they will have to find another primary care physician, so again other than that HOW are they benefiting under Democratic Healthcare?

 

I'll be glad to explain to him that his Hospital that he might be treated at is doing so much better so that if he has to go and pay that $4,000.00 out of his pocket UP FRONT before any insurance takes effect, he can be assured that he's helping out the Hospital even more.

Last edited by gbrk

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