Much of this data is related to healthcare consumers losing their jobs and thus their health insurance coverage. The CFOs interviewed also reported a 30 percent drop in elective procedures, one of the areas with the greatest potential for financial growth in the state. The survey showed a 33 percent increase in uninsured patients visiting the emergency room. Consumers lacking healthcare coverage are feeling the strain – and their numbers are growing. One of the key findings is a 73 percent increase in hospital consumers who are finding it difficult to keep up with rising out-of-pocket healthcare costs.
The CHA report reveals the details of a November 2008 survey of California hospital Chief Financial Officers (CFOs). Economic concerns over the state of healthcare in California recently prompted the California Hospital Association (CHA) to release a special report detailing the impact of the national recession on California’s community hospitals. Here in Southern California, the reality of increasingly expensive healthcare during an economic recession reaping heavy job losses, is hitting home for local hospitals more than ever before. Obama’s actions as president will match up with his campaign promises of affordable healthcare access for every American. President Obama addressed America’s mounting healthcare crisis in his recent inaugural speech, stating, “Our healthcare is too costly.” Hospitals across the country know this all too well.
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