Monday, May 26, 2014

More ObamaCare Disaster

From the Las Vegas Sun: Nevada’s largest public hospital has borrowed $45 million in emergency loans in recent months just to make payroll for its 3,500 employees.
University Medical Center, which serves Clark County’s poor and uninsured, always has been subsidized by taxpayers, at a cost of $40 million or more annually.
But this year’s financial challenges were far worse than normal. The cause: A surge in Medicaid patients newly covered through the Affordable Care Act.
The state drastically underestimated the number of people who would enroll in Medicaid and didn’t hire enough staff to process the flood of applications.
Statewide, the number of Medicaid patients has jumped 41 percent since October when enrollment started. The state has added 130,000 new patients, bringing the total Medicaid population to 466,956. And officials still are working through a backlog.
While the state catches up, UMC has treated patients waiting for approval. Instead of cash, the hospital received IOUs from the state.
The state recently started paying those IOUs, but UMC estimates it still is behind by $10 million.
Thank you to Gov. Sandoval, President Obama, Felony Thief Dina Titus and Senile/Coward/Liar Harry Reid for giving us this disaster.

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