The American Hospital Association has submitted comments to the Department of Housing and Urban Development asking it to withdraw a proposal to increase premiums for the Hospital Mortgage Insurance Program by 20 basis points in fiscal year 2013, according to an AHA News Now report.
In April, HUD proposed the changes, which the AHA says could raise the program's financing costs by 30 to 40 percent.
In its comments, the AHA said the increases "could put the program out of reach for many community hospitals in need of affordable financing. As a result, many necessary renovations, refinancings or new construction projects will not be feasible, threatening access to high-quality health care services for those least able to afford it."
AHA Urges Senate Committee to Support Extension of Expiring Health Programs, Provisions
HUD Approves $14M Financing Plan for New Montana Hospital
In April, HUD proposed the changes, which the AHA says could raise the program's financing costs by 30 to 40 percent.
In its comments, the AHA said the increases "could put the program out of reach for many community hospitals in need of affordable financing. As a result, many necessary renovations, refinancings or new construction projects will not be feasible, threatening access to high-quality health care services for those least able to afford it."
More Articles on the Hospital Mortgage Insurance Program:
Department of Housing and Urban Development May Now Allow Hospitals to Refinance Mortgages Without Construction RequirementAHA Urges Senate Committee to Support Extension of Expiring Health Programs, Provisions
HUD Approves $14M Financing Plan for New Montana Hospital