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WVU Hospitals face $25m loss in US funding

November 9, 2013
Associated Press

MORGANTOWN, W.Va. (AP) — WVU Hospitals are facing a $25 million loss under a change in federal health-care funding.

The Dominion Post (http://bit.ly/1iUqE46 ) reports that the news emerged Friday during a meeting of the Board of Governors.

Health Sciences Chancellor Christopher Colenda updated the board on the Affordable Care Act and its impact in West Virginia.

A big impact for WVU Hospitals and the West Virginia United Hospital System is the loss of federal dollars given to hospitals such as Ruby Memorial Hospital.

They had been receiving money for serving as safety-net hospitals, providing care for the uninsured. Those funds went away with the implementation of the Affordable Care Act.

Increases in Medicaid and insured patients were expected to offset the loss, but Colenda said that assumption probably won't be realized.

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Information from: The Dominion Post, http://www.dominionpost.com

 
 

 

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