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View Full Version : Economics Liberty Hospital lays Off 129


WilliamTheIrish
05-14-2013, 01:18 PM
It's only starting. St. Luke's just embarked on $100 cost (labor) reduction plan in December. Providence in KCK whacked 100. We'll see more of it as we prepare for ACA.

http://www.kansascity.com/2013/05/14/4234903/liberty-hospital-lays-off-employees.html

Fairplay
05-14-2013, 01:22 PM
Obamacare is coming to the rescue everybody don't worry.

Bump
05-14-2013, 01:32 PM
its not like any of those people are wealthy enough to actually matter.

Comrade Crapski
05-14-2013, 02:22 PM
It's only starting. St. Luke's just embarked on $100 cost (labor) reduction plan in December. Providence in KCK whacked 100. We'll see more of it as we prepare for ACA.

http://www.kansascity.com/2013/05/14/4234903/liberty-hospital-lays-off-employees.html

Good job shouting down and smearing everybody who tried to warn people about the disaster Barry had in store for the nation back in 2008.

:thumb:

patteeu
05-14-2013, 03:16 PM
Obamacare is putting the squeeze on health care providers. Doctors are surviving by selling their groups to hospitals. Hospitals are cutting costs by eliminating fat cat jobs.

HonestChieffan
05-14-2013, 03:20 PM
Pain now will make it easier for government to take over health care entirely. The people will be submissive after a while.

RedNeckRaider
05-14-2013, 03:31 PM
Obamacare is coming to the rescue everybody don't worry.

It's free right?

Comrade Crapski
05-14-2013, 03:33 PM
I love how people who voted for this crap want to cry and complain about it.

YOU WERE WARNED, ASSHOLE.

Suffer.

Radar Chief
05-14-2013, 03:34 PM
It's free right?

Paid for out of Obama’s stash.

blaise
05-14-2013, 05:04 PM
its not like any of those people are wealthy enough to actually matter.

You're repetitive.

mr. tegu
05-14-2013, 05:05 PM
You're repetitive.

LMAO

stonedstooge
05-14-2013, 05:59 PM
Can't wait to get my $2500 in savings from my premiums. I've already got plans for it Barry. Don't let me down

RedNeckRaider
05-14-2013, 06:16 PM
Can't wait to get my $2500 in savings from my premiums. I've already got plans for it Barry. Don't let me down

$2500 WTF it's free right?

HonestChieffan
05-14-2013, 06:20 PM
Death panels coming to a hospital near you. Sucks if you are on the IRS list. Or if you talk to the AP. Poor folk just gonna have to go along.

Bwana
05-14-2013, 06:25 PM
$2500 WTF it's free right?

Damn right along with a top notch cell phone.

Dave Lane
05-14-2013, 06:29 PM
Obamacare is putting the squeeze on health care providers. Doctors are surviving by selling their groups to hospitals. Hospitals are cutting costs by eliminating fat cat jobs.

ROFLROFL

stonedstooge
05-14-2013, 06:33 PM
So adding 16 million newly insured people to the system and hospitals are laying people off? Is that supposed to make sense?

HonestChieffan
05-14-2013, 06:39 PM
So adding 16 million newly insured people to the system and hospitals are laying people off? Is that supposed to make sense?

Yes if your goal is the control of health care. Government is good.

jiveturkey
05-15-2013, 08:32 AM
So adding 16 million newly insured people to the system and hospitals are laying people off? Is that supposed to make sense?

I believe that most of these cuts are Medicare related. Medicare allowed hospitals to expand like crazy over the last 15 years or so as they ramped up for the boomers and with the cuts over the last 4-5 years they're having to trim their staff and services.

People not on Medicare were never as profitable for hospitals because they don't visit as often and insurance is getting a piece of the action.

Cutting Medicare to pay for Obamacare never made much sense but then again reducing people's cost of insurance and care wasn't addressed with Obamacare either.

I remember when they were campaigning on this and everyone was pissed about how much we are all paying for healthcare.

Fairplay
05-15-2013, 09:06 AM
Pictured here is a typical patient being examined for a mild ailment under Obamacare.

<a href="http://photobucket.com/images/death" target="_blank"><img src="http://i1346.photobucket.com/albums/p694/CrystalChandlyre/guydies5_zpsf1604baf.gif" border="0" alt="death photo: Guys Death guydies5_zpsf1604baf.gif"/></a>

A hospital interviews for Grim Reaper prospects. Overtime is mandatory under Obamacare.

<a href="http://photobucket.com/images/grim%20reaper" target="_blank"><img src="http://i155.photobucket.com/albums/s287/jpbball55/16.jpg" border="0" alt="grim reaper photo: grim reaper 16.jpg"/></a>

FD
05-15-2013, 09:13 AM
Its a shame about these workers, but they will quickly land on their feet. The hospital and health care sectors are booming. It was basically the one area that avoided the recession, and continues to add jobs at a fast pace. Jobs were up 28% since 2001 and are projected to increase 26% between now and 2020.

http://media.economist.com/sites/default/files/imagecache/290-width/images/print-edition/20130511_USC587.png

http://www.economist.com/news/united-states/21577378-americas-rampant-health-spending-threatens-its-economic-future-it-also-supports-tens

DJ's left nut
05-15-2013, 10:50 AM
I believe that most of these cuts are Medicare related. Medicare allowed hospitals to expand like crazy over the last 15 years or so as they ramped up for the boomers and with the cuts over the last 4-5 years they're having to trim their staff and services.

People not on Medicare were never as profitable for hospitals because they don't visit as often and insurance is getting a piece of the action.

Cutting Medicare to pay for Obamacare never made much sense but then again reducing people's cost of insurance and care wasn't addressed with Obamacare either.

I remember when they were campaigning on this and everyone was pissed about how much we are all paying for healthcare.

Wow. You really don't have any idea how the profit structures for hospitals operate, do you?

Medicare is generally a loss leader for hospitals due to stringent schedules set by the government. In many cases, Medicare pays less for care than private insurance does.

Hospitals absolutely hate Medicare. More and more for-profit hospitals are refusing to accept it. The only ones that are generally still taking it are state-run hospitals. Medicare is a loss-leader and numerous studies have shown that the unbalanced fee schedules put into place for Medicare are cost-drivers for those that are not medicare eligible. The chargemasters that are usually used for determining the prices for services are often inflated due to the overhead costs associated with staffing a hospital sufficient to handle Medicare volume but at drastically reduced prices dictated by the government.

No, this has absolutely nothing to do with Medicare cuts.

Der Flöprer
05-15-2013, 11:00 AM
ROFL

WilliamTheIrish
05-16-2013, 05:33 AM
Obamacare is putting the squeeze on health care providers. Doctors are surviving by selling their groups to hospitals. Hospitals are cutting costs by eliminating fat cat jobs.

Physician practices have been selling out to hospitals since 1995 when the first of the large Medicare cuts went through.

Don't have the breakdown of the job classifications that were eliminated but I'll bet most were nursing supervisor type jobs. I know Liberty cut their wound clinic. That's a tough clinic to run as its just a huge money pit. Most of the folks are non compliant diabetics and they don't have the ability to pay.

But these cuts are mostly related to the Missouri Medicaid reimbursement reductions. Hospitals that have a large funding resource to lean on will hold out for a while but they'll feel the pinch soon enough too.

WilliamTheIrish
05-16-2013, 05:35 AM
Wow. You really don't have any idea how the profit structures for hospitals operate, do you?

Medicare is generally a loss leader for hospitals due to stringent schedules set by the government. In many cases, Medicare pays less for care than private insurance does.

Hospitals absolutely hate Medicare. More and more for-profit hospitals are refusing to accept it. The only ones that are generally still taking it are state-run hospitals. Medicare is a loss-leader and numerous studies have shown that the unbalanced fee schedules put into place for Medicare are cost-drivers for those that are not medicare eligible. The chargemasters that are usually used for determining the prices for services are often inflated due to the overhead costs associated with staffing a hospital sufficient to handle Medicare volume but at drastically reduced prices dictated by the government.

No, this has absolutely nothing to do with Medicare cuts.

Yep, Medicare is determined to be the low cost leader. As their reimbursement drops per DRG, insurance companies follow suit.

patteeu
05-16-2013, 09:12 AM
Physician practices have been selling out to hospitals since 1995 when the first of the large Medicare cuts went through.

Hospitals have been laying people off forever too. But just because something isn't unprecedented doesn't mean that it's not happening for a different reason now, happening at a different pace now or noteworthy in some other regard.

From The New England Journal of Medicine (http://www.nejm.org/doi/full/10.1056/NEJMp1101959):

U.S. hospitals have begun responding to the implementation of health care reform by accelerating their hiring of physicians.

...

In the 1990s, hospitals acquired many physician practices of which they subsequently divested themselves. After the current cycle of physician-practice acquisitions, it will be harder to revert to private practice if relationships sour, since new payment structures and care models will make it increasingly difficult for traditional private practices to remain profitable.