Local - Tax the evil hospitals.
So where do the hospitals get the money?
Colorado can afford to add about 67,500 people to Medicaid and other government insurance next week, thanks to a new state law that requires hospitals to chip in toward the landmark initiative.
Hospitals made their initial payments — and in return, received more state and federal cash to take care of needy patients — this month. The amount each hospital paid was worked out through a complicated formula that left some hospitals in the hole and others millions of dollars ahead of where they were before the new law. ...
... The point of the Health Care Affordability Act, considered Gov. Bill Ritter’s most significant health care reform, is to create a pot of money through hospital fees that would draw matching federal money. The state is using the additional money — expected to reach $1.2 billion annually — to provide more Coloradans with health insurance, as well as pay back hospitals for treating patients who are either uninsured or on Medicaid.
In basic terms, the hospitals that treat the highest number of needy patients will benefit most from the 2009 law.
Denver Health Medical Center, for example, will pay $12.3 million in fees this year but come out $16.5 million ahead after collecting $28.8 million from the state pot and matching federal money, according to state data. The hospital, near downtown Denver, recorded more than 47,000 “Medicaid days” in 2007, a tally of Medicaid patients who stay 24 hours.
Those of you who pay money to hospital - even through you insurance - will pay for this. (And for everything else government does.) But they’re not raising your taxes. They’re raising your costs to go to a hospital.


Boulder Time