Posts Tagged ‘revenue

11
Mar
15

Fewer Uninsured. Hospital Profits Soaring. Thanks, ObamaCare

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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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16
Oct
14

The Deficit Is Falling? You Can Thank President Obama

Obama GOP

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Brett Logiurato: The Budget Deficit Just Fell To Its Lowest Level Under Obama

The US budget deficit fell to about $483 billion in fiscal year 2014, almost a $200 billion drop from the previous year and the lowest level of President Barack Obama’s six years in office. The US Treasury Department released the official figures on Wednesday, generally confirming figures released by the nonpartisan Congressional Budget Office last week. It’s the smallest deficit recorded since 2008.

FY2014 was the fifth consecutive year the deficit declined as a percentage of GDP. It is now an estimated 2.8% of GDP, a percentage that puts it below the average of the past 40 years. The Treasury’s figures chalked up the shrinking deficit to increased revenues from taxes and slowed growth in government spending. “It’s really a rise in revenues because of economic growth, because of the policies the president pursued, that we’ve made progress on the deficit,” said Shaun Donovan, the director of the Office of Management and Budget.

More here

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03
Aug
11

‘the devil is in the details’

Edited for Clarity: Congress finally has a deal on the table that may pass …. So, who won? Who lost? Is it a massive cave by the President and Democrats? Or is there something more to it?

In looking at the deal, folks on the left are acting outraged. Medicare takes some cuts, there’s no revenue component, it looks like the Republicans got everything they wanted. Indeed, Speaker of the House John Boehner says he “got 98 percent of what I wanted”. But did he? Here’s some of the details that say he might have some ‘splaining to do later:

Revenues: Democrats are upset that the deal does not include increasing revenues. But that’s not accurate. In fact, it virtually guarantees a revenue increase by the end of 2012. And Boehner knows it…..

See here for details

…. An interesting battle will start next year. It will begin to pit the military industrial complex against the bankers and million/billionaires. If the rich guys want to keep their tax cuts, 50% of it will come from military spending – contractors. That’s a big lobby to fight against. It will be fascinating to see how the spin starts to work there, as Republicans find their corporate benefactors are suddenly pitted against each other, and the American people get to see where the loyalties really lie.

Medicare and Social Programs: …. The area touched here has nothing to do with individuals. It’s all on the provider side. To be sure, this could have an effect on individuals, as providers may decide they don’t want to deal with Medicare if reimbursements are reduced, and this could reduce choice. But on the subscriber side, nothing changes. More importantly, the subscriber side is sequestered from further cuts, as are Medicaid and Social Security in their entirety.

Again, this is really a trap for the Republicans. With all of those areas off the table, where will they find cuts? And remember, they still need to cut an equal amount from defense as they do for anything else. Social programs are a large part of the budget. When you take them off the table, you remove major sources of budget reduction. Which means that cuts to other areas will have to be massive to have a chance at making a difference. So Republicans will have to sell Draconian slashes to areas such as education to be able to find enough budget to cut.

…. So, What Did It Accomplish?

A whole bunch. Pell Grants have actually been increased. The default scenario has been averted until at least 2013 with a debt ceiling raise. It did not require the passage of a Balanced Budget Amendment. And the cuts that are included are backloaded, meaning that they come further down the line, when the economy is (hopefully) on a better footing.

Sure the President is taking heat on this now. But the focus can now be on jobs (on which there has not been a single piece of legislation), and Republicans who are gloating now may not be so cheerful when it comes time to make the cuts they demanded.

Full post here

Thank you Starmm




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