Independent actuaries working for the CMS reported that the healthcare sector's share of the economy grew by 1.1 percent in 2009, the largest one-year increase ever reported, according to a report in Health Affairs.
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A proposal by Tennessee Gov. Phil Bredesen would cut $200 million to TennCare, the state's version of Medicaid, could lead to huge budget gaps for hospitals that treat low-income patients across the state, according to a report in The Tennessean.
The Ronald Reagan UCLA Medical Center posted record-breaking revenues of nearly $5.6 billion and $100 million in surplus funds last fiscal year, according to a report by the UCLA Daily Bruin.
Jackson Health System in Miami lost $203.8 million last year, four times the projected loss, and this year's loss is now expected to be nearly triple that of earlier projections, according to a report by the Miami Herald.
Coshocton County (Ohio) Memorial Hospital will lay off 44 full-time positions, cut remaining workers' pay and raise employee contributions to its health insurance plan, according to a report by the ZanesvilleTimes-Reader.
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As lobbying intensifies, momentum is building to provide a five-year reprieve that would block a 21-percent fee cut to physicians who treat Medicare patients. If no legislative action is taken this month, the physician pay cut is set to go…
President Obama's budget would make non-profit hospitals eligible for a new type of federally subsidized financing called Build America Bonds, according to a report in the Wall Street Journal.
Both major financial ratings services are forecasting a negative outlook for non-profit hospitals in 2010, due to factors such as high debt loads, high numbers of uncovered patients and lower government reimbursements, according to a report by the Healthcare Financial…
As Congressional Democrats hold off on their health reform legislation, House Speaker Nancy Pelosi in considering passing a separate bill rescinding the health insurance industry's antitrust exemption, according to a report by CBS News.
Ohio Health Market Review found that Cincinnati-area hospitals saw their combined net income fall from $290.5 million in 2007 to $14.7 million in 2008, according to report by the Business Courier of Cincinnati.