These should be boom times for New York’s hospitals, whose collective revenues have been surging by the billions for several years. Read More
Tag: Healthcare
Eliminating profit from an entire sector of the national economy would be unprecedented. But the example of New York, on a smaller scale, shows why it is a recipe for dysfunction. Read More
Revenue for New York’s hospitals increased by $14 billion from 2012 to 2016, according to an Empire Center research and data bulletin released today. Read More
New York’s hospitals are in the throes of two seemingly contradictory trends. Their collective revenues are showing strong growth, yet more and more of them are chronically operating in the red. Read More
“Now that consumers are paying for the tax, it’s not punishing the pharmaceutical companies,” said Bill Hammond, director of health policy with the Empire Center for Public Policy. “The alleged wrongdoings has become a pretext for raising money and grabbing cash. I’m not saying we’re not spending any money, but if you looked at the budget you wouldn’t know we were at crisis levels.” Read More
Governor Cuomo is now backing away from Medicaid spending cuts he pushed less than four weeks ago, his second about-face on health-care funding so far this year. Even more head-spinning is his stated rationale: the supposed threat to federal aid outlined in President Trump's budget proposal this week. Read More