The NC Justice Center is asking North Carolinians to urge Hospital CEOs to cooperate with Governor Cooper’s debt relief plan:
https://secure.everyaction.com/wWPZUtgqREyCb2dGQIk-Rg2
20
Jul
2024
Month: July 2024
20
Jul
2024
NC Effort to Forgive Medical Debt – Working With Undue Medical Debt
RALEIGH, N.C. (AP) — North Carolina state government is seeking to rid potentially billions in medical debt from low- and middle-income residents by offering a financial carrot for hospitals to take unpaid bills off the books and to implement policies supporting future patients.
Democratic Gov. Roy Cooper and his health chief unveiled a plan that they want federal Medicaid regulators to approve soon, It would allow roughly 100 hospitals that recently began receiving enhanced federal Medicaid reimbursement funds to get even more money.
Read the full article here:
You can help by contacting hospital CEOs and encouraging them to work with the plan:
NC JUSTICE CENTER: Urge Hospital CEOs to Cooperate with Plan to Reduce Medical Debt:
https://secure.everyaction.com/wWPZUtgqREyCb2dGQIk-Rg2
“The weight of medical debt still casts a long shadow.” – NC Governor Roy Cooper
20
Jul
2024
NC Treasurer: Huge Markups and Price Variations in Health Care
(Raleigh, N.C.) – North Carolina State Treasurer Dale R. Folwell, CPA, released a report that shows extreme variations in hospital prices, huge price markups from Medicare rates, and widespread failures in price transparency.
The report’s findings raise troubling questions about health care access and affordability, and North Carolina’s justice system. The report found massive disparities among hospital prices, and failures in price transparency that have crippled patients’ ability to protect their financial health. This is especially troubling given an earlier report found that North Carolina hospital systems sued 7,517 patients over medical debt, using the court system to charge interest on medical debt judgments and to place liens on family homes. When patients tried to fight back, they argued that they could not even tell whether they had been charged a fair price.
Read the full Report:
“Patients could not even tell whether they had been charged a fair price.”
20
Jul
2024
NC State Treasurer: Hospitals Make Millions from Medicare
(Raleigh, N.C.) — State Treasurer Dale R. Folwell, CPA, and the State Health Plan released a new report today showing that the majority of North Carolina hospitals did not lose money on Medicare — they profited. The report found huge disparities between the Medicare losses claimed by hospital executives and the numbers that hospitals reported to the federal government. This raises serious concerns over hospitals’ commitment to their patients and their charitable mission, and the steep costs passed on to the nearly 740,000 members of the State Health Plan.
Hospital executives have justified their tax exemptions and their crushing price inflation by claiming to lose billions of dollars on Medicare patients. North Carolina hospital lobbyists claimed they lost $3.1 billion on Medicare in 2020 — the same year hospitals actually reaped a total of $87 million in Medicare profits. The questionable loss claim was 3,670% larger than hospitals’ self-reported Medicare profits.
“The hospital cartel is overcharging you because they can, not because they need to,” said Treasurer Folwell. “Hospital executives can’t keep hiding behind Medicare. They tried to claim huge losses to justify financially kneecapping their patients. But now we know that the majority of hospitals are actually profiting off Medicare.”
Read the full report:
20
Jul
2024
NC Treasurer: Non-Profit Hospitals Fail in Providing Charity Care
(Raleigh, N.C.) — An analysis released by Johns Hopkins Bloomberg School of Public Health and the North Carolina State Health Plan revealed that the majority of North Carolina nonprofit hospitals are not fully honoring their charitable mission. Although nonprofit hospitals reap lucrative tax breaks in exchange for serving the poor, their charity care spending varies wildly and with little accountability. Researchers from Johns Hopkins Bloomberg School of Public Health found troubling disparities in North Carolina hospitals’ charity care spending.
Fewer than 25 hospitals exceeded the value of their tax exemption with the amount of their charity care spending in North Carolina. Our analysis suggests that North Carolina’s largest nonprofit hospital systems reaped tax breaks worth more than an estimated $1.8 billion in 2019-2020. Across the majority of these systems, charity care spending did not exceed 60% of the value of their tax breaks. On average, North Carolina hospitals were far more profitable than the national average. But one in five families in North Carolina has medical debt in collections.
“Charity care is the heart of what it means to be a nonprofit hospital,” NC State Treasurer Dale Folwell said. “Our hospital systems justify overcharging state employees and taxpayers by pointing to their charity care costs. But now we know that is not fully accurate. They are profiting on the backs of sick patients.”
Read the full report:
