The hospital issued a Jan. 26 statement outlining the financial stability for hospitals throughout the state. The association said some individual hospitals have footed $74 million in funding cuts from 2010 to 2017. In addition, the state’s post-acute facilities sustained more than $430 million in funding cuts during the same period, according the NJHA release.
Amid lawmakers’ attempts to repeal and replace the health law, NJHA’s modeling projects if an appropriate replacement is not enacted, New Jersey hospitals will face funding cuts totaling $1.1 billion through 2019. For post-acute care providers, the funding cuts total another $325 million.
“The impact of repeal without replacement — or restoration of these funding cuts — would be devastating to hospitals and other healthcare providers,” said Betsy Ryan, president and CEO of NJHA. “So many of the strides we’ve made in expanding access to healthcare — and in reforming our healthcare system for the future — are now in danger of being walked back.”
The association is calling on lawmakers to issue a simultaneous replacement plan if the ACA is repealed, according to the release.
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