News

Hospitals Stand to Lose If You Go without Insurance

Hospitals Stand to Lose If You Go without Insurance

If too many people choose to live without health insurance after the deadline for buy coverage passes this month, hospitals around the state may be hurt financially.

That’s because under the Affordable Care Act, federal reimbursement to hospitals which treat many uninsured patients will be cut. The justification is that there will be fewer people without coverage thanks to the law.

That worries hospital executives such as Mark Newton (pictured) of Chicago’s Swedish Covenant Hospital, who fears that even if enrollment in Illinois meets projections, his hospital and others may have to make cuts.

“Unless enrollment rates pick up, storied hospitals may be forced to cut back services and cut back employment levels,” Newton said.

Newton says he has long been concerned that the projected enrollment was already too low to avoid this problem.

The hospitals that would feel the effects are ones that treat a greater share of uninsured patients, usually located in poor urban or rural areas. Newton says his hospital will lose $10 million in federal funds.

 

Recent Headlines

in Entertainment

This weekend in entertainment history

rainman

A look back on some of Hollywood's most memorable headlines.

in Music

Ozzy Osbourne to undergo surgery

British musicians Ozzy Osbourne of Black Sabbath, arrives at the Classic Rock Roll of Honour awards 2013 at the Camden Roundhouse in north London, Thursday, Nov. 14, 2013.

Ozzy Osbourne has cancelled his upcoming Ozzfiesta event in Mexico to undergo surgery.

in Entertainment

Angelina Jolie crowned world’s top feminist icon

Angelina Jolie arrives at the 20th annual Critics' Choice Movie Awards at the Hollywood Palladium on Thursday, Jan. 15, 2015, in Los Angeles.

Angelina Jolie and Emma Watson top the list of the world's foremost feminist icons.