So many Americans right now are stepping up to help their communities. Zohaib Begg, a 7-year-old from VA, is one of… twitter.com/i/web/status/1…
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Barack Obama (@BarackObama) March 30, 2020
Posts Tagged ‘Hospitals
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Tara Culp-Ressler: Thanks To Obamacare, Hospitals Saved More Than $7 Billion Last Year
According to a new report from the Department of Health and Human Services (HHS), hospitals saved at least $7.4 billion last year, thanks in large part to reforms under Obamacare. The savings reflect a reduction in the so-called “uncompensated care” that hospitals provide to uninsured Americans, and are even greater than HHS officials predicted they would be at the beginning of this year. Since people without insurance typically don’t have any means to cover their medical bills, the cost of their treatment ends up falling on the hospital itself. Therefore, as more people gain coverage, it become less expensive for hospitals to care for their patients.
More than 16 million previously uninsured Americans have gotten covered under Obamacare, contributing to the biggest drop in the national uninsurance rate over the past four decades. The savings have been most pronounced in the states that agreed to accept Obamacare’s optional Medicaid expansion, which seeks to extend public insurance to additional low-income people. Nearly 70 percent of the savings documented in the HHS report — a total of $5 billion — occurred in the 29 states that have expanded Medicaid. And, if every state had agreed to add more people to their Medicaid rolls, their hospitals could have saved an extra $1.4 billion.
More here
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Thanks to Obamacare, hospitals saved more than $7 billion last year thkpr.gs/3637685
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mia farrow (@MiaFarrow) March 23, 2015
Like other surveys, a new RAND analysis finds a 16.9 million drop in uninsured adults as the ACA went into effect.
content.healthaffairs.org/content/early/…
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Larry Levitt (@larry_levitt) May 06, 2015
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Bruce Japsen: Hospital Profits Soar As Obamacare Prescribes More Paying Patients
Hospital operators continue to see profits and revenue not seen in a decade thanks to the Affordable Care Act and related efforts to sign up uninsured patients to coverage so facilities can reduce unpaid medical bills. Large hospital operators HCA Holdings HCA +2.78% (HCA), Tenet Healthcare THC +2.5% (THC) and Community Health Systems (CYH) in the last month issued robust 2014 earnings, revenues and large declines in uncompensated care costs, a key measure of expenses.
“We reported Tenet’s strongest quarterly EBITDA in more than 10 years,” Tenet chief executive officer Trevor Fetter boasted last week of a key earnings acronym in the hospital chain’s 2014 fourth quarter. Hospital operators are reporting more paying patients and fewer uninsured, which means far fewer unpaid medical bills. “For the last four quarters, the decline in self-pay admits and adjusted admits and the increase in Medicaid in expansion states have grown quarter over quarter,” Community Health CFO Larry Cash said.
More here
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Obamacare passed five years ago this month. Here’s what happened to the private sector since: onforb.es/1aP6xY4 http://t.co/xUBQhZ2hLV
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Dan Diamond (@ddiamond) March 06, 2015
Hospital operators continue to see profits & revenue not seen in a decade, thanks to the Affordable Care Act: onforb.es/1GEKMo0
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(@Forbes) March 02, 2015
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CBO lowers the 10-year cost of ACA marketplace subsidies by $209 billion from what it projected in January.
cbo.gov/sites/default/…
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Larry Levitt (@larry_levitt) March 09, 2015
BOOM: Latest quarterly Gallup poll shows uninsured rate down to 12.3% (or lower!) acasignups.net/15/03/04/boom-… http://t.co/LMMQ37AlHE
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(@LOLGOP) March 08, 2015
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87% of people signing up on healthcare.gov qualify for premium subsidies & 60% qualify for cost-sharing help.
aspe.hhs.gov/health/reports…
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Larry Levitt (@larry_levitt) March 10, 2015
CBO: Net +12M people had health insurance last year bc of Obamacare. Sees +7M more this year and +5M more in 2016. http://t.co/zXxdvhYoEw
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Steven Dennis (@StevenTDennis) January 26, 2015
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Igor Volsky: Obamacare Is Already Providing A Big Boost To Public Hospitals
In yet another boost to the health care law, some publicly traded hospitals are claiming that provisions in the Affordable Care Act are already increasing their bottom lines. During a call with investors on Wednesday, Community Health Systems CFO Larry Cash claimed that the company has already seen a decrease in self-pay admissions in the states that have expanded their Medicaid programs and predicted that the law would lower those kind of admissions from 8 percent to 4 percent over a three-year period. The CEOs of LifePoint Hospitals and HCA reported similar experiences: in states that expanded their Medicaid programs,
Medicaid admissions grew, while the number of uninsured admissions declined at faster rates than in states that have yet to comply with the Medicaid provisions of the health care law. “So far and as expected, the new health care law has been a net positive for LifePoint with respect to Medicaid expansion,” CEO Bill Carpenter said during the call. “In the seven states where we operate that have expanded coverage, we saw increasing Medicaid and decreasing self-pay volumes. Increases in Medicaid membership and health insurance exchange participation contributed measurably to our results in the quarter.”
More here
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My birth control pills now cost me $0. ZERO DOLLARS. #thanksObamacare #noseriously
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Xtine (@buzz_the_bee) May 07, 2014
I have #ObamaCare today! @ACASuccessStory @obamacare @AnneFilipic @Cigna @allinwithchris @Lawrence #GotCovered #Cigna http://t.co/mWnYQSNaoF
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Jarryd Willis ABD MS (@OFA_Jarryd) May 01, 2014
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Happy #MayDay! I have #HealthInsurance for 1st time in 20 years. Premium paid, free doctor visit scheduled. Thanks #ACA! @ACASuccessStory
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Daniel Beerthuis (@DanielBeerthuis) May 01, 2014
All you Obamacare haters get out because I couldn't be happier with my insurance that I purchased through the exchange! @ThanksObamacare
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Nigel Huckle (@NigelHuckle) April 07, 2014
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I did not have to pay for my daughters prescription tonight @ThanksObamacare #progress #PaulRyaniswrong
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bigusLA (@biguskdubs) April 04, 2014
A friend just got health insurance. He'd gone without for 13 years due to diabetes ("pre-existing condition"). @ThanksObamacare. #obamacare
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Rhiannon Paine (@calbion) April 03, 2014
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@ThanksObamacare for the incredible security of no longer being worried about being kicked off insurance if cancer returns. Its priceless.
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Kensgal3 (@kensgal3) March 31, 2014
@ThanksObamacare we now have affordable healthcare insurance!
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Haydon Street Inn (@hsinnkeeper) March 04, 2014
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