Community and other hospital types are facing all types of financial problems today...due to uninsured patients, drop in compensation rates from carriers and Medicare...just lately there has been a move in California where television commercials promoting the support of Community Hospitals has been running on several networks...these hospitals received some relief from federal agencies...will this continue to be the trend of financially strapped hospitals in order to keep the health care system alive and well? BD
A federal agency has stepped in to rescue pension plans at three East Coast hospitals within the past month, highlighting the growing financial difficulties hospitals face. The Pension Benefit Guaranty Corp. said last week it took over Easton Hospital's pension plan because the Pennsylvania facility was unable to contribute enough. Earlier this month, it took over the pension funds of two hospitals in bankruptcy proceedings -- Brownsville General, also in Pennsylvania, and Brooklyn Hospital Center in New York.
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