In order to pay for Obamacare, Medicare cuts have begun to decimate the hospitals' bottom lines throughout the country. It is like a Domino effect. First we see businesses laying off people or reducing working hours. Next, we see the failed rollout of this atrocious health program. Now we learn that in order to pay for Obamacare, the Us government is removing funding from Medicare. And so the next Domino falls:
Hospitals, a reliable source of employment growth in the recession and its aftermath, are starting to cut thousands of jobs amid falling insurance payments and in-patient visits. So far this year, the health care sector has announced 41,085 layoffs, the third-most behind financial and industrial companies.
Total private hospital employment is down by 8,000 since April and more staff reductions are expected into next year. This month, Indiana University Health laid off about 900 workers as part of a move to trim its budget by $1 billion over five years. Vanderbilt plans to eliminate 1,000 jobs by year-end to help shave operating costs 8% a year. And the Cleveland Clinic is offering buyouts to 3,000 employees as it shaves its annual operating costs by $330 million.
Let me ask one intelligent question. Has Obamacare done anything positive for our country or economy? Has the tax issued to those not wanting to purchase it yielded any negligible financial benefit to the country? The answer is a definite no. Plus, the aftershocks of the rollout will prove more detrimental by the day. Now you realize why Senator Cruz is fighting do hard to defund it. If people would just wake up and learn what Obama is doing, we could defund this financial disaster.
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