Some of New York’s private nonprofit hospitals suffer from high vacancy rates and a lack of private investment—thanks to state restrictions on hospital financing—while years of state and local subsidies have made them woefully inefficient. Meanwhile, budget subsidies for the city-owned Health and Hospitals Corporation, which operates 11 public hospitals and dozens of smaller facilities, ballooned during the Bloomberg years and now weigh down the city’s budget, especially as pension and health-insurance costs for HHC’s workers have exploded.
Posted on: Wed, 16 Oct 2013 03:25:51 +0000
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