Many safety-net hospitals in some of the states that did not expand Medicaid experienced profits in 2014, primarily due to the economy, according to a report from The Washington Post.
That's based on a Kaiser Health News analysis of about 12 safety-net hospitals in Florida, Texas, Georgia, Tennessee, South Carolina, Virginia and Kansas, which released their fiscal year 2014 financial results.
The strongly performing hospitals attributed their financial success largely to an improving economy because it helped reduce the number of patients who couldn't pay their bills and increased local property and sales tax revenue set aside for publicly supported hospitals, according to the report.
The hospitals also attributed their achievements to the increase in people who purchased health coverage through the Patient Protection and Affordable Care Act's insurance exchanges, the report reads.
Some of the hospitals that had strong financial performance in fiscal 2014 are listed below.
1. Grady Memorial Hospital in Atlanta, which saw its profit increase to nearly $30 million through November 2014, up from $17 million for the same period in 2013.
2. Fort Lauderdale, Fla.-based Broward Health, which recorded $69 million in profit in fiscal year 2014.
3. Orlando (Fla.) Health, which saw its profit grow to $161 million in the fiscal year ended in September 2014, up from $32 million the year prior
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