Quote:
Originally Posted by URY914
I work at the largest hospital system in the area. At a leadership meeting last week our CFO told us that this year drug prices have gone UP 27% over the projected increase. This situation plus reductions in reimbursements have caused some hospitals to go from a 6% margin to a 1.5% margin. Watch for hospitals to start going out of business thanks to the ACA.
|
To clarify the above, ADA is not directly responsible for the increase in drug prices. What I was trying to explain is that the increase of the cost of drugs PLUS the reduced reimbursables as a result of the ADA is causing a huge burden on hospitals in general.