News Headlines Article

North Coast hospitals face rocky transition
Santa Rosa Press Democrat

At a time when Obamacare is being blamed for a range of economic woes, local heath care executives say the new law is part of a powerful mix of forces revolutionizing their industry and constricting budgets. Some executives attribute recent layoffs at several North Coast hospitals to the Affordable Care Act’s cuts in Medicare reimbursements, along with cutthroat competition and advances in medical technology. Employment at U.S. hospitals peaked in April at 4.84 million. But hospitals have been cutting jobs this summer and fall, shedding 9,000 jobs in May and an additional 4,400 jobs in July, according to the U.S. Bureau of Labor Statistics.