7 Chattanooga-based hospitals stand to lose $400 million [Chattanooga Times Free Press, Tenn.]
| By Andy Sher, Chattanooga Times Free Press, Tenn. | |
| McClatchy-Tribune Information Services |
Seven hospitals collectively stand to lose nearly
The special payments are intended to compensate hospitals for the free care they provide to the uninsured. Hospitals have been counting on making up most if not all of the reductions by covering the uninsured through health insurance exchanges or an expanded
Gov.
Haslam has said expanding the program to cover people whose incomes are at 138 percent of the poverty level (
TennCare officials estimate the state's cost at
Haslam has said he'll let the federal government, rather than the state, get the health insurance exchange up and running next year.
Figures unclear
It's not clear exactly how much
Hundreds of thousands of Tennesseans would get coverage through the insurance exchange, which gives tax credits for individuals and families who earn less than 400 percent of the federal poverty level, about
McClure said that when the national hospital industry agreed not to fight President
The THA calculates that the federal reimbursement cuts over the nine years will cost
THA President
Offsets from expansion
Erlanger Chief Financial Officer
"They do not include the positive offsets from the expansion of the
"For the
It would "not be positive" if
"If
But there's no guarantee that would happen.
Memorial President and CEO
Siskin President and CEO
Hospitals face other money woes down the pike.
An automatic 2 percent federal cut for hospital reimbursements triggered under the Budget Control Act of 2011 would cost
And
___
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