United Medical Center needs $17.1M taxpayer subsidy to stay afloat

The finance committee for United Medical Center, the only public hospital in Washington, D.C., says the hospital needs a taxpayer bailout of at least $17.1 million to stay afloat, according to The Washington Post.

Veritas, the consulting firm running the hospital on a month-to-month basis while the board seeks a new operator, told The Washington Post most of the $17.1 million subsidy would be used for new expenses, including repayments to Medicare, a settlement with the hospital's nurses and a new contract with a medical group associated with George Washington University.

The city took over United Medical Center in 2010. If the $17.1 million subsidy request is approved, it would be the largest investment of District tax dollars ever made to support the hospital's operating budget, according to the report.

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