Warren Admits Universal Medicare Would Result in Two Million Lost Jobs

[TexasTowelie]

132. Two things:

1) There is no expansion of Medicare.
2) Texas also blocked the expansion of Medicaid.

The rural hospitals are closing because of the number of uninsured patients they provide care for. So yes, it would be better to get paid something (even if the rates paid for Medicaid are lower than the overall market rates) than nothing. It wouldn't help much if hospitals see only Medicaid patients at lower rates if they lose the insurance companies that are paying top dollar, particularly if they are out-of-network.

Another reason why the rural hospitals are failing are due to the management itself. The owners of the rural hospital where my brother worked actually took actions that were not in the fiduciary interest of the hospital in order to enrich themselves. When the hospital administrators are taking home $600K per year and flying around in private jets between the resort communities where they live and the string of hospitals they are bankrupting, it spells doom. Those administrators feel no guilt taking that money because they are not members of the community and they don't care about the community itself.