Hospitals on board with national health insurance

One thing you've got to say about corporate America; they know which way the wind is blowing and are embracing Obama's statism in order to both survive and prosper. They are making peace with the new regime and will be handsomely rewarded for it.

The latest bunch of corporate lackeys for Obama are the hospitals as Ceci Connolly and Michael Shear of the Washington Post report:

The nation's hospitals agreed last night to contribute $155 billion over 10 years toward the cost of insuring the 47 million Americans without health coverage, according to two industry sources.

The agreement that three hospital associations reached with White House officials and leaders of the Senate Finance Committee is the latest in a series of side deals that aim to reduce the cost of revamping the nation's health-care system and to neutralize influential industries that have historically opposed such reforms.

With President Obama out of the country, a formal announcement is expected tomorrow from Vice President Biden.

"Getting health-care reform is absolutely critical," said one hospital negotiator, who was not authorized to speak for attribution about the deal before the official announcement. "This is our attempt to act in good faith."

Most of the savings -- about $100 billion -- would come through lower-than-expected Medicare and Medicaid payments to hospitals, said the two industry sources. About $40 billion would be saved by slowly reducing what hospitals get to care for the uninsured, they added. The reductions would probably not begin for several years, after a significant number of people have enrolled in the new insurance programs.

Eventually, with everyone (or nearly everyone) carrying some kind of insurance, profits will go up due to fewer non-payees and larger co-payments.

One by one, health industry corporations will see the writing on the wall and scramble to make their deals with Obama.

Not a pretty sight.




 

One thing you've got to say about corporate America; they know which way the wind is blowing and are embracing Obama's statism in order to both survive and prosper. They are making peace with the new regime and will be handsomely rewarded for it.

The latest bunch of corporate lackeys for Obama are the hospitals as Ceci Connolly and Michael Shear of the Washington Post report:

The nation's hospitals agreed last night to contribute $155 billion over 10 years toward the cost of insuring the 47 million Americans without health coverage, according to two industry sources.

The agreement that three hospital associations reached with White House officials and leaders of the Senate Finance Committee is the latest in a series of side deals that aim to reduce the cost of revamping the nation's health-care system and to neutralize influential industries that have historically opposed such reforms.

With President Obama out of the country, a formal announcement is expected tomorrow from Vice President Biden.

"Getting health-care reform is absolutely critical," said one hospital negotiator, who was not authorized to speak for attribution about the deal before the official announcement. "This is our attempt to act in good faith."

Most of the savings -- about $100 billion -- would come through lower-than-expected Medicare and Medicaid payments to hospitals, said the two industry sources. About $40 billion would be saved by slowly reducing what hospitals get to care for the uninsured, they added. The reductions would probably not begin for several years, after a significant number of people have enrolled in the new insurance programs.

Eventually, with everyone (or nearly everyone) carrying some kind of insurance, profits will go up due to fewer non-payees and larger co-payments.

One by one, health industry corporations will see the writing on the wall and scramble to make their deals with Obama.

Not a pretty sight.