"Massachusetts Hospital Crisis: Steward Health Care's Financial Woes and Potential Solutions"
TL;DR Summary
US Senator Elizabeth Warren criticizes Steward Health Care's for-profit business model, expressing concern over its financial distress potentially impacting patient care at its nine Massachusetts hospitals. Steward has attributed its struggles to low Medicaid reimbursement rates and inadequate payments from commercial insurance. Warren is investigating the situation and organizing briefings for state officials, while state legislators are exploring measures to prevent hospital closures and ensure continued care for communities.
Topics:business#elizabeth-warren#financial-distress#healthcare#massachusetts-hospitals#patient-care#steward-health-care
- Steward Health Care issues tied to profit motives, Warren says The Boston Globe
- Could Mass General Brigham be a savior amid the Steward Health Care financial mess? The Boston Globe
- Massachusetts Wakes Up to a Hospital Nightmare The American Prospect
- Healey says no bailout for Steward Health Care as financial woes continue WBUR News
- Steward Health Care looking to sell 4 hospitals in Mass. as soon as possible WCVB Boston
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