The loophole in the new healthcare bill...

[kentuck]

Supposedly, healthcare providers will have to spend 80% of their profits on healthcare. It appears they have found a loophole around that little requirement.

Memorial Hospital, publicly owned and one of the best in the country, is being sought by some healthcare giants.

http://www.gazette.com/articles/hospital-109157-system-memorial.html

<snip>
Singer said he believed the City Council should decide whether to pursue the commission’s recommendation, which he supports, before looking at potential offers for Memorial. And, if it decides to sell the hospital, it should cast a wide net for suitors.

“Why not just invite the world and see who’s out there and who’s interested and get a real bidding war going?” Singer said.

HealthOne is a joint venture that was formed in 1995 between the for-profit health care giant Hospital Corporation of America (HCA) and the nonprofit Colorado Health Foundation that operates seven Denver-area hospitals. HealthOne expressed interest in Memorial early this year as the commission began its work, then backed off and said it would allow the commission to finish its process.

Earlier in the year, Tennessee-based hospital giant Community Health Systems and Texas-based LHP Hospital Group also expressed interest in buying Memorial or entering into a joint venture with the city.

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[postulater]

1. Insurance companies are not healthcare providers.

More like healthcare preventers.

They only provide profit.

And they don't care at all.

And it is not even health they insure against, it is disease. That is why they don't like to pay for sensible prevention measures, the cost is too predictable.