Michigan hospitals brace for next hit
State Medicaid cuts, GM bankruptcy to add to woes
The bankruptcy of General Motors Corp. and new state Medicaid cuts are expected to hit Michigan hospitals hard, on the heels of record losses from soaring patient debts and free care for the uninsured.
Around the state, hospitals are digging into budgets to find additional savings, in anticipation of the next hit. They are postponing new projects and freezing job openings, mostly outside of patient care.
Job seekers will notice fewer openings, as health systems, once a reliable source of employment and good benefits, cut their workforce. Patients may see longer waits, particularly in areas like imaging or surgery, hit by drops in business as people without insurance or higher co-pays postpone care. [Continue]Labels: economy, Healthcare computing, medicaid, michigan
