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Health Management Associates (HMA) rebuts as "inaccurate" a 60 Minutes report on allegations...

  • Monday, December 3, 2012, 9:27 AM ET
    Health Management Associates (HMA) rebuts as "inaccurate" a 60 Minutes report on allegations doctors faced pressure to admit patients from the emergency room to fill hospital beds. CRT Capital cuts HMA to Sell, seeing significantly more risk of a bigger federal investigation and potential settlement fines - “as serious an allegation of fraud as we have ever heard." HMA -4.4% premarket.
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    I was in the hospital recently, and yeah, they did some unnecessary testing. They inflated the bill and the insurance company cut it back down. At the same time, hospitals are required to take in anyone, whether or not they can pay. So what would you expect? Hospitals are also shutting down their lower profit centers and opening higher profit centers. It is a business, after all. The only concern I have is that many good doctors are also going to seek a sort of shelter from the avalanche of new patients seeking "free" care. We will lose GPs and gain more specialists. And it will be harder to see the doctor. Guess who will take up the slack? Hospitals.
    3 Dec 2012, 10:48 AM Reply Like
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