Tag: hospitals

Study: Many Hospitals Profited During COVID Pandemic

Connecticut Star Staff

A new study reveals that nearly 75 percent of all U.S. hospitals were able to post positive operating income at the height of the Chinese Coronavirus pandemic, primarily due to relief funds provided by the government.

As Axios reports, the analysis by JAMA Health Forum shows that the average hospital’s operating margins – the difference between revenue and expenses – hit an all-time high in 2020 and 2021, the first two years of the pandemic. Many hospitals continue to post improving operating margins even after 2022 despite the rising inflation, which some have attributed to the massive profits in the first two years of COVID.

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Lamont’s Health Care Cost-Cutting Plans Face Pushback

The Center Square

Connecticut Gov. Ned Lamont’s plan to control health care costs in the state is facing blowback over claims it would cost hospitals hundreds of millions of dollars in lost revenue. 

Lamont’s proposal, which is being considered by the Legislature’s Joint Committee on Public Health, calls for reducing costs that often get tacked on to consumers’ medical bills, such as facility fees that charge patients for the use of medical and hospital offices during treatments, which he says would save the state’s consumers $400 million a year.

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Dozens of Hospitals Have Closed in States That Expanded Medicaid, Research Shows

Admin

Medicaid expansion has failed to prevent hospital closure, with almost 50 shutting down in expansion states since 2014, according to research given exclusively to the Daily Caller News Foundation.

The research from the Foundation for Government Accountability (FGA) indicates that while Medicaid expansion was intended to solve hospitals’ finances and job shortage, its “empty promises” have done the opposite, report author Hayden Dublois wrote. Hospitals instead have had to shut their doors, lost thousands of jobs and racked up substantial losses, amounting to a loss of almost 5,400 beds.

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