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ObamaCare's Inconvenient Truth: First You Lose Your Health Plan, then You Lose Your Hospital
It’s not just insurance coverage that families are losing because of ObamaCare. Now their hospitals are in jeopardy, too. Three Catholic hospitals in Pennsylvania have been put up for sale, with ObamaCare cited as a main reason for the decision. One of the hospitals, Mercy Hospital in Scranton, has been treating patients for nearly 100 years. However, just six months after ObamaCare became law, the hospitals say they cannot survive the one-half trillion in Medicare cuts ($155 billion to hospitals) prescribed by ObamaCare.
Hospitals' inability to survive ObamaCare should not come as a surprise. In April, the Obama Administration's own Medicare actuaries warned that the Medicare cuts were so drastic that, “providers for whom Medicare constitutes a substantive portion of their business could find it difficult to remain profitable and, absent legislative intervention, might end their participation in the program (possibly jeopardizing access to care for beneficiaries).” It now seems as though their predictions are coming true.