healthmyths
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Hospitals today as of October 3, 2012
Hospitals: 4,019
Total Revenue: $2,014,917,541,000
Total Medicare payments:$186 billion or 10% of total revenue comes from Medicare.
As a result hospitals HAPPY to give up Medicare BECAUSE they are ALSO paying approximately 3% or $68 billion in "uncompensated" costs because In 1986, Congress enacted the Emergency Medical Treatment & Labor Act (EMTALA) that if a hospital takes Medicare, they have to regardless of an individual's ability to pay. provide stabilizing treatment for patients.." the hospital must absorb these "unreimbursed" costs in the Emergency room.
So hospitals are saying if we have to pay 3% of our revenues for "uncompensated" services in order to collect 10% Medicare revenue that will be reduced under Obamacare... WHY???
The difference between the two is eaten up by Medicare rules,regulations administration costs... why bother for the possibly LOWER differential of less then 7%???
They''ll drop Medicare!
Part A ($186 billion in 2010): Medicare Part A, or Hospital Insurance (HI), pays for inpatient hospital, skilled nursing facility, home health (related to a hospital stay), and hospice care. Part A financing comes primarily from a 2.9 percent payroll tax split between employees and employers.
Part B ($140 billion in 2010): Medicare Part B, or Supplementary Medical Insurance (SMI), pays for physician, outpatient hospital, end-stage renal disease (ESRD), laboratory, durable medical equipment, certain home health, and other medical services. Part B coverage is voluntary, and about 94 percent of Medicare beneficiaries are enrolled in Part B.
Part C ($116 billion in 2010): Medicare Part C, the Medicare Advantage (MA) program, offers beneficiaries a variety of coverage options including health maintenance organizations, preferred provider organizations, special needs plans, and private fee for-service plans. MA enrollment totals more than 10 million of Medicare beneficiaries in 2009.
From this source: American Hospital Directory - Hospital Statistics by State
Fiscal Year 2010 Budget in Brief | HHS.gov
Hospitals: 4,019
Total Revenue: $2,014,917,541,000
Total Medicare payments:$186 billion or 10% of total revenue comes from Medicare.
As a result hospitals HAPPY to give up Medicare BECAUSE they are ALSO paying approximately 3% or $68 billion in "uncompensated" costs because In 1986, Congress enacted the Emergency Medical Treatment & Labor Act (EMTALA) that if a hospital takes Medicare, they have to regardless of an individual's ability to pay. provide stabilizing treatment for patients.." the hospital must absorb these "unreimbursed" costs in the Emergency room.
So hospitals are saying if we have to pay 3% of our revenues for "uncompensated" services in order to collect 10% Medicare revenue that will be reduced under Obamacare... WHY???
The difference between the two is eaten up by Medicare rules,regulations administration costs... why bother for the possibly LOWER differential of less then 7%???
They''ll drop Medicare!
Part A ($186 billion in 2010): Medicare Part A, or Hospital Insurance (HI), pays for inpatient hospital, skilled nursing facility, home health (related to a hospital stay), and hospice care. Part A financing comes primarily from a 2.9 percent payroll tax split between employees and employers.
Part B ($140 billion in 2010): Medicare Part B, or Supplementary Medical Insurance (SMI), pays for physician, outpatient hospital, end-stage renal disease (ESRD), laboratory, durable medical equipment, certain home health, and other medical services. Part B coverage is voluntary, and about 94 percent of Medicare beneficiaries are enrolled in Part B.
Part C ($116 billion in 2010): Medicare Part C, the Medicare Advantage (MA) program, offers beneficiaries a variety of coverage options including health maintenance organizations, preferred provider organizations, special needs plans, and private fee for-service plans. MA enrollment totals more than 10 million of Medicare beneficiaries in 2009.
From this source: American Hospital Directory - Hospital Statistics by State
Fiscal Year 2010 Budget in Brief | HHS.gov