“Sublette County can’t afford millions of dollars to convert a clinic into a hospital.  Where are we going to get the money?

We rate this FALSE

Where we get the money:  The majority of the money may come from a low-interest rate loan from the US Department of Agriculture (USDA) with the rest coming from grants approved by the town of  Pinedale as well as Sublette County.  Even if the grants from local and county government fall through, we obtain a low interest rate loan from the USDA.  Although some believe that the money should come from raising the mill tax levy, Sublette County residents voted against this measure.

How we pay the money back:  The money to repay the loan will come from a combination of higher reimbursements from Medicare and revenue from additional service Sublette County residents are already receiving, but need to drive to Jackson, Rock Springs or Salt Lake City to obtain.  We estimate that we will receive an additional $3 million annually from Medicare because of legislation in the Balanced Budget Act of 1997 which mandated that Medicare reimburse rural hospitals with the CAH designation 101% of actual costs, which is significantly higher than current reimbursements.  We also expect to receive an additional $2 million in annual revenue from other services, such as respiratory therapy, cardiac and pulmonary rehabilitation and certain types of surgeries.   These are services that Sublette County residents are already receiving, but that they need to drive out of the county to receive.     These two additional income streams are projected to bring the Healthcare district from an estimated $1.1 million cash flow shortfall in fiscal 2017 to a $1.8 million cash flow surplus in fiscal 2020 after loan payments are made.

[1] http://healthaffairs.org/blog/2011/09/20/medicare-is-more-efficient-than-private-insurance/

[1] https://www.fool.com/retirement/2016/12/03/is-paul-ryans-medicare-privatization-proposal-good.aspx

[1] http://www.cbpp.org/research/health/medicare-is-not-bankrupt

*** Researched by Susan Barney

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

One Response to “Sublette County can’t afford millions of dollars to convert a clinic into a hospital.  Where are we going to get the money?

  1. Centurytel Mail says:

    This is food info. Why not publish on Facebook, too?

    Bettina Sparrowe P.O. Box 415 Daniel, WY 83115 307-859-8606

    >

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s