CEO of NewYork-Presbyterian Hospital Warns of Negative Impacts of Health Care Reform on Academic Medical Centers and Medical Innovation - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
March 31, 2011 Newswires
Share
Share
Post
Email

CEO of NewYork-Presbyterian Hospital Warns of Negative Impacts of Health Care Reform on Academic Medical Centers and Medical Innovation

WASHINGTON, March 31, 2011 /PRNewswire/ -- Dr. Herbert Pardes, President and CEO of NewYork-Presbyterian Hospital in Manhattan, the nation's largest nonprofit, non-sectarian hospital, called for increased attention to health care reform efforts that may inadvertently damage American academic medical centers, which provide the bulk of medical innovation and new life-savings techniques. His remarks were delivered at the National Press Club here today.

"In 2014, 32 million more Americans will have health insurance and will need access to care, while vast numbers of baby boomers reach retirement age, and face the increased medical needs - 72 million of them by 2020. This growth will place unprecedented demands on the health care workforce," said Dr. Pardes. "The Association of American Medical Colleges projects a shortage of 130,000 physicians by 2025.  It takes 10 years to train a new doctor.  We need at least 6,000 to 8,000 new physicians annually on top of the 16,000 that are currently produced each year."

Dr. Pardes noted that the three main themes of health reform – increasing access, improving quality, and reducing costs – are best addressed by academic medical centers, which are well positioned to help lead the health reform transformations.

Dr. Pardes also warned against cost reductions that would potentially hurt academic medical centers already bearing a heavy burden, since they currently treat a disproportionate share of Medicaid patients.  "Academic centers treat the largest number of the most vulnerable and provide 41% of charity care, 28% of Medicaid, and 22% of Medicare.

"Also, the failure to cover the undocumented will impose an ongoing burden for hospitals – estimated to be $6.4 billion in 2000 – and compromise some of the laudable goals of health reform," said Dr. Pardes.  

A complete copy of Dr. Pardes' remarks is available.

Photos of today's event are available.

About Dr. Herbert Pardes

Dr. Pardes has served as dean of Columbia University's medical school, director of the National Institute of Mental Health, president of the American Psychiatric Association, and assistant U.S. surgeon general.

SOURCE Dr. Herbert Pardes

Newer

Cover-All Announces General Availability of NexGen Commercial Auto for 50 US Jurisdictions

Advisor News

  • When new investment trends emerge, Gen Z is most likely generation to be first in
  • Could ‘plain English’ become an advisor’s secret weapon?
  • IRI urges Senate action on 403(b) parity legislation
  • Three estate planning ideas to protect your clients and their wealth
  • What advisors must know about accessible client documents
More Advisor News

Annuity News

  • NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
  • NAIC working group pressed to accelerate annuity illustration overhaul
  • State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
  • Wink: Annuity sales post strong Q2, led by MYGAs and structured products
  • Legacy Marketing Group partners with Malibu Life USA for annuity launch
More Annuity News

Health/Employee Benefits News

  • Medicare for All is back on the political front burner. A Democratic majority could pass it
  • Louisiana ends Healthy Blue Medicaid deal affecting 290,000 people
  • BJC-Anthem deal still pending ahead of anticipated spike in healthcare costs
  • An Application for the Trademark “UHCCARECONNECT” Has Been Filed by UnitedHealth Group Incorporated: UnitedHealth Group Incorporated
  • Findings from University of Colorado Anschutz in Hypertension Provides New Insights (Blood Pressure Control Among Adherent vs Nonadherent Medicare Patients With Hypertension): Cardiovascular Diseases and Conditions – Hypertension
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Credit Ratings of Zurich Insurance Group Ltd and Its Main Rated Subsidiaries
  • Best’s Market Segment Report: AM Best Maintains Stable Outlook on China’s Non-Life Insurance Segment
  • Understanding Nonequity Split-Dollar
  • Life insurance loans: what to do when a client shows interest in one
  • Do You Qualify for Any of September's Class Action Settlements?
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.