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Monday, October 14, 2013

Hospitals Cut Staff in Wake of ObamaCare


"While you folks are waiting 6 months or more to see a specialist, think of me. And think about how I said that I have the best health care in the world."  


Things aren't looking so rosy for our health care in the near future.

From USA Today (via Drudge):

Hospitals, a reliable source of employment growth in the recession and its aftermath, are starting to cut thousands of jobs amid falling insurance payments and inpatient visits. 
The payroll cuts are surprising because the Affordable Care Act (ACA), whose implementation took a big step forward this month, is eventually expected to provide health coverage to as many as 30 million additional Americans. [This is not surprising to anybody who understands economics nor to anyone who has read the law.]   
Health care providers announced more layoffs than any other industry last month — 8,128 — largely because of reductions by hospitals, according to outplacement firm Challenger Gray and Christmas. So far this year, the health care sector has announced 41,085 layoffs, the third-most behind financial and industrial companies. 
Total private hospital employment is still up by 36,000 in the past 12 months, but it's down by 8,000 since April, and more staff reductions are expected into next year. 
This month, Indiana University Health laid off about 900 workers as part of a move to trim its budget by $1 billion over five years. Vanderbilt plans to eliminate 1,000 jobs by the end of the year to help shave operating costs 8% a year. The Cleveland Clinic is offering buyouts to 3,000 employees as it shaves its annual operating costs by $330 million.

Oh, but don't worry says the end of the article... better times are just around the bend. Yeah, right. These are the same people that keep talking about the "unexpected" weak economic and job numbers that keep coming out. They're either liars or fools-- and either way that's useless to us.

Let's not forget that this happening just as the demand for their services will increase as people are forced to buy federally approved comprehensive insurance... Oh yeah, and the costs of services will be regulated by the government much like medicare. Too little money will be made available for quality health care... so take a wild guess as to what will happen. Hint-- look to Britain's NHS and the wealthy's expenses for private health care and insurance.

ObamaCare is the travesty that just keeps on giving...

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