If lawsuits challenging the health insurance mandate are successful, Michigan hospital executives say it could harm their bottom lines, according to a report by Crain's Detroit Business.
The mandate, part of the healthcare reform law, requires more than 12 million uninsured Americans to purchase individual coverage starting in 2014. A variety of lawsuits are challenging the mandate. The first federal court ruling was issued against the mandate, and it is expected that the challenges will end up being decided by the Supreme Court.
Here are three Michigan hospital executives' concerns about removing the mandate:
Doug Welday, CFO of Oakwood Healthcare: "The expansion of coverage is a critical component of the overall health care reform bill. It is important to get those seeking care to be covered to make the math work."
Nancy Schlichting, CEO of Henry Ford Health System: "If people aren't required to be covered, everybody would flow into Medicaid and it wouldn't work financially for the providers."
Mike Killian, vice president at William Beaumont Hospitals, says Beaumont's three hospitals stand to lose $300 million over 10 years by Medicare cuts contained in the health reform bill.
Read the Crain's Detroit Business report on healthcare reform.
Read more coverage of the health insurance coverage mandate:
- Judge Issues First Rejection of Individual Mandate in Reform Law
- Obama Administration Will Appeal Judge's Rejection of Individual Mandate
- 4 Reasons Why Even a Repeal Won't Stop Healthcare Reform, Accountable Care
The mandate, part of the healthcare reform law, requires more than 12 million uninsured Americans to purchase individual coverage starting in 2014. A variety of lawsuits are challenging the mandate. The first federal court ruling was issued against the mandate, and it is expected that the challenges will end up being decided by the Supreme Court.
Here are three Michigan hospital executives' concerns about removing the mandate:
Doug Welday, CFO of Oakwood Healthcare: "The expansion of coverage is a critical component of the overall health care reform bill. It is important to get those seeking care to be covered to make the math work."
Nancy Schlichting, CEO of Henry Ford Health System: "If people aren't required to be covered, everybody would flow into Medicaid and it wouldn't work financially for the providers."
Mike Killian, vice president at William Beaumont Hospitals, says Beaumont's three hospitals stand to lose $300 million over 10 years by Medicare cuts contained in the health reform bill.
Read the Crain's Detroit Business report on healthcare reform.
Read more coverage of the health insurance coverage mandate:
- Judge Issues First Rejection of Individual Mandate in Reform Law
- Obama Administration Will Appeal Judge's Rejection of Individual Mandate
- 4 Reasons Why Even a Repeal Won't Stop Healthcare Reform, Accountable Care