This is a recording of Mississippi Hospital Association CEO Tim Moore's interview with Paul Gallo last week. Some highlights of the interview are:
- Mr. Moore says that it will cost $75-100 million dollars for the establishment of a health-care provider sponsored managed care program.
- Mr. Moore says the advantage is that the company will be a private non-profit that does not have to worry about shareholders demanding a return. However, he then says several times the plan will have investors that will be hospitals and possibly physician groups. The purpose of this plan is to generate payments for health care providers (i.e. the member hospitals) to participate in the MississippiCan program under the Medicaid program. The members make their money off of the Medicaid patients. The new managed care company gets a little thing called retained earnings- after investors are paid if they indeed demand a return.
- A board will be established for the insurance company. He says the advantage of acting as a non-profit is that it will lower the costs for the plan.
- Public hospitals are not actually public hospitals as their revenues come from patients, not taxpayers. Gallo corrected him and said Medicare and Medicaid payments originate from taxpayers. Mr. Moore made the same claim later in the show.
- Mr. Moore delves into the transparency bills at the end of the show. He said the public should not be present at board meetings.
- Revenues of hospitals are declining.
10 comments:
Public hospitals are not actually public hospitals as their revenues come from patients, not taxpayers. Gallo corrected him and said Medicare and Medicaid payments originate from taxpayers. Mr. Moore made the same claim later in the show.
Well, at least they are consistent. Laughable.
This is so far beyond comprehension of the normal citizen.
I can sooo see the IRS coming down on this Ponzi scheme if it ever gets up in the air.
"We want to remove the red tape"= we want to do whatever the hell we want to do.
" we want to make citizens healthier" = I am the male Michelle Obama.
" we have to narrow your options"= are you funking kidding me?
At this point, half of the ppaca has already been implemented and medicaid money isn't disappearing.
Accept the damn expansion.
We give all of that foreign aid money to other countries. That doesn't even include UN programs like UNICEF and you're telling the citizens of Mississippi that they can't get their fair share of the money pie because of the big bad 'fedrul government'.
What a fu*king joke.
Haven't seen any of the media pick up on it, have you? Well, there was one columnist in Friday CL who did and that was in passing. See Dortch.
This is over the heads, really, of most regular folks. Not a conversation for top-water journalists or drive by posters.
How does this address people with no insurance at all?
Who or what will pay their bill?
The hospitals have to treat them still leaving the hospital going in the red if the patients finagle through the three year collection law. Don't underestimate these people trying to avoid paying a bill( and in most cases they can't afford it anyway)
This is so stupid.
Haven't seen any of the media pick up on it, have you?
Sam R. Hall was hired after an extensive and exhaustive nationwide search.
This is MHA's mini Obamacare ... State subsidized health care plan at its best. Very scary
Sam Hall? His paper is dedicated solely to reparations, Emmitt Till, Civil War Statues at courthouses, Fabricated hoopla over a black man hanging himself, Bill Minor's fabricated recollections of an event 60 years ago, black boys being denied an opportunity by white men and, of course, a progressive liberal college administrator getting his walking papers for racial reasons.
As soon as The Clarion Ledger can find a racial angle to the hospital story, you'll see it on the front page.
So Taxpayer's and secret investors are going to ou for this plan? Dear Tim Moore, please do your homework before you speak publicly again. At least Sam knew what he was talking about.
As I read the market reports on the two existing companies providing this service in MS, it appears that they operate on a paltry margin of 2-3%. I can't imagine ANY doctor group investing (based on Mr. Moore's estimation), $75-100mm in this speculative enterprise with the potential of a 3% return. The only way for margins to increase is for the total cost of teh program (thus, to us taxpayers), to increase. Oh, wait.....doesn't Mr. Moore want the State general fund to supplement private sector's investment?? As I as a retired provider remember it, we've tried his idea once before. The program was called "HealthMAX"; a provider-based Medicaid managed care program from back in the late 1990's. If my memory serves me correctly, the whole thing imploded leaving us taxpayers on the hook for tens of millions of dollars. Yep....let's try that one again!!
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