Believe What The Hospitals Do and Not What They Say

December 22, 2009

Local hospitals have billions of dollars in cash and have seen their revenues increase (some as much as 30% in the past year) all the while they are claiming to be in financial difficulties when come time to discuss health care.

Big hospitals flush with cash despite industry’s dire warnings

If you listen to hospital lobbyists in Washington, the industry teeters on the brink of financial ruin, depending on how health care reform plays out.

But the rhetoric does not match the balance sheets of some of Chicago’s largest hospital operators. Many are spending unprecedented amounts on new buildings and seeing some of their best improvements in cash since the dot-com boom of a decade ago.

Critics say large hospital operators that are amassing cash are doing so at the expense of patients, charging higher prices when that money could be used to lower costs or subsidize hospitals in a hole.

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Tort Reform Does Not Lower Health Care Costs

December 10, 2009

This is amazing! More and more we scrutiize the idea of Tort Reform as the answer to all ills, more and more we find out that the Notion is simply based on lies at worst and miss-information at best! Why don’t we hear about this on CNN? Read on…

“A few weeks ago the Congressional Budget Office released an analysis that said tort reform would save the federal government $54 billion over ten years. That sounds like a great argument for tort reform. But if you read the analysis more carefully, you see the picture is not so simple. For example, on page 4 of the analysis you can find this little bombshell:

“CBO’s estimate takes into account the fact that because many states have already implemented some of the changes in the package, a significant fraction of the potential cost savings has already been realized.“

The fact is, more than half of the states already have “reformed” tort. The CBO is saying that federal tort reform would not give us an additional $54 billion in savings. Rather, we’re already enjoying a significant fraction of the $54 billion in savings because tort is already “reformed” in most states.

Wait, you didn’t notice that health care costs are dropping because of state tort reforms? That’s because they aren’t.”

http://www.vp-medical.com/wordpress/2009/12/tort-reform-doesn%E2%80%99t-lower-health-care-costs/

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