Hospitals Face Extensive Losses with Obamacare

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Obamacare could cost hospitals billions of dollars nationwide over the coming years, according to a rough estimate released by federal health officials.

According to those projections, hospitals could lose as much as half a billion dollars next year alone. The losses come from less federal funding given to states to offset the cost of covering the uninsured.

Texas hospitals could lose more than $56 million. Those in Pennsylvania could lose almost $34 million. And Missouri hospitals could lose $26 million.

"You have continuing high levels of uncompensated care, but the funding you had designated to address it is shrinking so the amount of unmet costs will grow," Bruce Rueben, president of the Florida Hospital Association, predicted.

Obamacare assumes more people will have health insurance and that hospitals will treat smaller numbers of uninsured patients.

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