Texas Hospital Expects to Lose $25M in First 10 Years of Reform
April 30, 2010
The new healthcare reform law will have a $25 million "negative impact" on 321-bed Midland (Texas) Memorial Hospital over 10 years, according to a report in the Midland Reporter-Telegram.
For example, covering children up to age 26, eliminating lifetime maximums and adding coverage of preventive services under the law will cost the hospital $500,000, based on calculations from the American Hospital Association.
Midland President and CEO Russell Meyers said in the report the hospital will need to minimize costs without sacrificing quality of care. He said savings like eliminating bed rental could save the hospital $4 million a year and trimming back staff, if necessary, could save another $2 million a year.
Read the Reporter-Telegram's report on health reform.
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