Tennessee Hospital Lays-off 70 Because Of ObamaCare

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Tennessee Hospital Lays-off 70 Because Of ObamaCare

Postby Todd » Thu Jul 26, 2012 9:02 pm

Memorial Hospital is a major employer in the Chattanooga region.

Memorial Health Care System announced Thursday that it is restructuring the organization "to better meet the needs of patients." It involves laying off 70 employees.

“Since the economic recession of 2008 and reform spurred by the passage of the Patient Protection and Affordable Care Act, health care has undergone a period of transformational change. Hospitals across the nation are faced with decreasing reimbursement from commercial payers while the number of Medicare enrollees swells."
-Memorial President and CEO James M. Hobson

http://www.chattanoogan.com/2012/7/26/2 ... g-Off.aspx
"Nothing is easier than spending public money. It does not appear to belong to anybody. The temptation is overwhelming to bestow it on somebody." Calvin Coolidge
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