Atlanta Grady Hospital Cost Cutting Measures

Atlanta's Grady Hospital will close clinics, raise drug copay's. About 7% of patients have health insurance. The balance are uninsured or on Medicaid. Reduced funding leads to cuts. 

The AJC reports

uninsured residents from DeKalb and Fulton counties will see the base copay for prescription drugs rise from $2 to $3, among other copay increases. The hospital is also in the process of cutting 100 jobs.

All this is an attempt to close the expected $30 million gap in funding vs. expenses.

Fulton & Dekalb are shorting Grady by $3 million each and the federal government has withdrawn $25 million in federal taxpayer dollars.

Of course that follows passage of Obamacare that is supposed to provide health care for everyone. Sounds like a disconnect to me.

Since 2007, Grady has lost $49 million in local and federal funds, while the cost of indigent care has jumped $41 million to more than $220 million, according to hospital data. Last year through November, Grady had $590.7 million in expenses and $503.3 million in revenue.

Doesn't take a math whiz to figure out this is a problem.

 

"I didn't hear you mention any cuts in the very high executive pay there," Emma Darnell said.

Both she and William "Bill" Edwards said that before sticking patients with extra costs, the hospital should reconsider its top salaries, especially for CEO Michael Young.

Apparently these folks suffer from paycheck envy as well as memory loss.

Just a few years ago Grady was in danger of closing due to years of mismanagement.

For what it's worth, even if Michael Young worked for free the hospital would still lose money. Wonder if Darnell and Edwards are willing to donate 100% of their paycheck to help the cause?

For the rest of us, affordable health insurance in Georgia is just a mouse click away at Georgia Insurance Shop.

 

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