HHS: Hospitals saved billions under ObamaCare [View all]

[babylonsister]

As predicted.

http://thehill.com/policy/healthcare/236603-hhs-hospitals-saved-billions-under-obamacare#.VRCxeH64hpw.facebook


HHS: Hospitals saved billions under ObamaCare
By Sarah Ferris - 03/23/15 11:09 AM EDT


A massive expansion of insurance programs like Medicaid and a drop in emergency room visits saved hospitals at least $7.4 billion over the last year, the Obama administration announced Monday.

With millions more people covered under ObamaCare last year, hospitals faced fewer bills from patients who lacked insurance and were unable to pay. Hospitals also saw fewer emergency room visits, which rack up far higher costs and often leave hospitals with the tab.

The costs of those services — known as uncompensated care — dropped by one-fifth nationwide in 2014, according to a government report released Monday.

The Department of Health and Human Services (HHS) released the findings to mark the fifth year since the passage of ObamaCare.