Teaching Hospitals Worried Over Potential Federal Cuts
Hospital executives are warning that they could be forced to make devastating reductions to their services and work force if Congress enacts proposed cuts to teaching hospitals as part of federal deficit reduction plans. The proposals call for reducing Medicare subsidies for training physicians and for offering sophisticated medical equipment and critical care services, such as trauma centers and burn units. The Greater New York Hospital Association estimates that hospitals' payments could drop by 53% -- from $10.9 billion today to $5.1 billion in 2015 -- if the cuts take effect.
- "In Effort To Cut U.S. Deficit, New York Teaching Hospitals May Lose Aid" (Hartocollis, New York Times, 7/12).