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So, what's the alternative to this? The government buying the hospitals which are close to financial ruin and nationalising them?
Down the street from where I live, there is a hospital that closed down several years ago. Its just this big vacant building now. And this isn't in the middle of no where, this is NASA in Houston, Texas.
This was before the pandemic.
The hospital system that my wife works for keeps buying hospitals and then laying off large swaths of staff. :(
Wait, how did I miss this.... The US makes profit even at hospitals? I'm barely able to process the the OP. How could anyone thing this was a good idea?
It isn't just for-profit hospitals in financial trouble; non-profit hospitals and health care centers are also being impacted by the loss of income from elective procedures and routine check-ups. If your local hospital or health care center is non-profit and you feel like you want to help, you can check their website and see if they accept financial donations.
There is money.
But remember, hospitals haven't been doing good for a long time now. COVID-19 is exposing a frail system.
Also, this will not be the only stimulus. There will be more packages.
Healthcare dollars need to come from a guaranteed source to provide counter cyclical spending in a downturn.
"If you like your doctor you can keep your doctor" not only doesn't work from the standpoint of losing your insurance during mass layoffs, but it may also fail to ring true if hospitals can't stay solvent.
"If you like your doctor you can keep your doctor" not only doesn't work from the standpoint of losing your insurance during mass layoffs, but it may also fail to ring true if hospitals can't stay solvent.
Not to mention all the middlemen involved, and the entire insurance industry, which exists only to take their cut as billions in profits.
I'm not saying our system works, it doesn't, but this is the system we have (for now) and hopefully this can be an impetus for change without the whole system collapsing
But providing intensive care for sick patients is generally a money loser, as is for example having a trauma service at a hospital. Hospitals usually balance these costs with other services, like elective procedures, so they do not bleed money. It's not surprising that this crisis will cause a huge amount of issues at many hospitals across this country.
I work at a private practice and are loosely affiliated with like 30 practices in our area. We're the only ones who think we can survive for more than 3-4 weeks of lockdown before running out of money for payroll. Patients are doing what they should be doing and staying home.
But providing intensive care for sick patients is generally a money loser, as is for example having a trauma service at a hospital. Hospitals usually balance these costs with other services, like elective procedures, so they do not bleed money. It's not surprising that this crisis will cause a huge amount of issues at many hospitals across this country.
I work at a private practice and are loosely affiliated with like 30 practices in our area. We're the only ones who think we can survive for more than 3-4 weeks of lockdown before running out of money for payroll. Patients are doing what they should be doing and staying home.
I was going to say the same thing. Our non-profit hospitals often rely on community donations and revenue from procedures to stay open as well. It's not a great system and the outbreak is showing how fragile it is.
Margins are very thin for a lot of hospitals. Especially non profit hospitals.
Mine is having furloughs this week. No idea if I'll be affected (Engineer in IT). Was going to make a thread but idk. Not having elective surgeries is hurting us but so is the fact that they keep buying out other hospitals.
hard for me to have sympathy for the for profit ones that bend the average citizen over on charges.
the only ones I would be sad for is any worker losing their jobs because of it.
the only ones I would be sad for is any worker losing their jobs because of it.
Well, uh, yeah? I would've thought that would be obvious. Every major city in America needs to have several hospitals paid for with taxes that provide free healthcare for anyone that needs it. Surely if Trump can afford to bail out billionaires, he can afford to bail out hospitals too?
Hospitals going out of "business" because they have to... treat sick people.
Can't make this shit up. This is so goddamn absurd that I would laugh, if the situation weren't so damn dire.
Can't make this shit up. This is so goddamn absurd that I would laugh, if the situation weren't so damn dire.
This is beyond capitalism. Most countries with universal, single-payer healthcare are capitalist. We just, you know, don't have for-profit hospitals because the very idea is so completely, disgustingly bonkers.
Holy shit. I'm Canadian too, and an ambulance here costs $45. That's dirt cheap, considering the amount of equipment they bring around, plus two paramedics.
Hospitals are designed and staffed to do more than provide acute care for pneumonia.
Im a part of the system by which patients in hospitals and clinics get diagnoses from a pathologist. We have no work and I am furloughed.
Hospitals should have just drank one less starbucks cup a day and make a rainy day fund.
Oh all, nationalize them.
It can blunt the harm for sure, depending on how we implement it, but at some point we will need to tackle head on the way our for profit health sector work, and I think that will be a much tougher fight than fixing the insurance side of things.
Hopefully this mess will wake people up.
Oh all, nationalize them.
Medicare for all is great and all, but it's not going to fix the horrific ways that for profit hospitals are operating in this country.
It can blunt the harm for sure, depending on how we implement it, but at some point we will need to tackle head on the way our for profit health sector work, and I think that will be a much tougher fight than fixing the insurance side of things.
Hopefully this mess will wake people up.
Fine time to be a non-essential employee for a hospital.
I can't believe airlines and cruise services are getting a bigger bailout than hospitals
I can't believe airlines and cruise services are getting a bigger bailout than hospitals
OP
OP
Yes, this is a concept that I've never thought about until now. It's kinda nuts, but to be expected of the U.S.
After doing a bit of browsing on Pubmed:
A systematic review and meta-analysis of studies comparing mortality rates of private for-profit and private not-for-profit hospitals https://www.ncbi.nlm.nih.gov/pmc/articles/PMC111211/
Hospitalization and Mortality Rates in Long-Term Care Facilities: Does For-Profit Status Matter? https://www.ncbi.nlm.nih.gov/pubmed/26433862
Association of for-profit hospital ownership status with intracranial hemorrhage outcomes and cost of care https://www.ncbi.nlm.nih.gov/pubmed/31783363
For-Profit Hospital Status and Carotid Artery Stent Utilization in US Hospitals Performing Carotid Revascularization https://www.ncbi.nlm.nih.gov/pubmed/28939675
Hospital-ownership status and cesareans in the United States: The effect of for-profit hospitals https://www.ncbi.nlm.nih.gov/pubmed/28737270
For-profit hospital ownership status and use of brachytherapy after breast-conserving surgery https://www.ncbi.nlm.nih.gov/pubmed/24787104
Funny thing is a lot of those administrators could probably cut their salaries and half, still be living comfortably and generate more revenue for the hospitals they run
Hospitals are absolutely a huge part of the reason why our system is so fucked up.
https://www.nytimes.com/2020/03/27/us/coronavirus-philadelphia-hahnemann-hospital.amp.html
For-Profit Health Insurance and Hospitals in America are barbaric.
Insurance companies pocket that sweet sweet money. And watch everyone's premium go up next year too.
OP
OP