Comments: Obamacare logic(tm). Q: Name a great way to make healthcare cost less? A: Throw boatloads of money at people who were already charging too much ! Query: why should hospitals get a tax exemption and subsidies, too?
“PORTLAND, Ore. (AP) — Oregon health insurers hemorrhaged red ink in 2015 as the industry continued to struggle in the Affordable Care Act era. The collective losses of the state’s seven major insurers nearly quadrupled to more than $164 million, with troubled Moda Health Plans alone losing nearly $50 million in a high-profile financial implosion.”
“The state’s hospitals, meanwhile, are basking in an Affordable Care Act honeymoon of soaring revenue and big profits. The hospitals’ charity care has plummeted since passage of the act, which has led to a tripling of their 2015 profit margins compared to 2013.”
“The hospitals’ bonanza comes at the expense of taxpayers, the insurance companies and consumers who, in some cases, face double-digit insurance premium rate hikes.”
Oregon hospitals emerging as winners in Affordable Care Act
Corvallis Gazette-Times, By JEFF MANNING Updated Mar 4, 2016