(H/T) Ad Majorem Dei Gloriam†
“You think health care is expensive now? Wait until it’s free.” P.J. O’Rourke
According to an article in the Washington Examiner three hospitals in Pennsylvania are getting out of the healthcare business and closing their doors. Why?
Obamacare is forcing their decision. Incredibly the hospitals are doing well financially, however, the new regulations imposed by Obamacare will make it difficult for the owners to provide quality health care and remain profitable.
“It looks like it’s not just insurers that suddenly want to get out of the health care business. Three Catholic hospitals in Pennsylvania are now on the market …
Mercy Hospital in Scranton is up for sale.
Those who run the place and all other Mercy facilities in our area said Wednesday they are already in talks with organizations interested in buying.
Mercy Health Partners hopes to have a buyer by the end of the year.
Officials said there are numerous reasons for the sale. One big one is the heath care reform bill signed into law this year.
The potential sale includes Mercy Hospital in Scranton, Mercy Tyler Hospital in Tunkhannock and Mercy Special Care Hospital in Nanticoke.”
“Thirty companies and organizations, including McDonald’s (MCD) and Jack in the Box (JACK), won’t be required to raise the minimum annual benefit included in low-cost health plans, which are often used to cover part-time or low-wage employees.
The Department of Health and Human Services, which provided a list of exemptions, said it granted waivers in late September so workers with such plans wouldn’t lose coverage from employers who might choose instead to drop health insurance altogether.Without waivers, companies would have had to provide a minimum of $750,000 in coverage next year, increasing to $1.25 million in 2012, $2 million in 2013 and unlimited in 2014.”
