According to an article the Chicago Tribune, hospitals are difficulties collecting for their services. This is not news, but as more and more Americans get insurance with high deductibles, the problem is getting worse. Hospitals have to treat life threatening cases and, others like a baby being born.

If things are getting worse now, just wait until Obamacare goes into full effect. Apparently the deductibles for some people are going to be twice or three times what they had. And, their premiums go up.

Let me make sure I understand. You know how grumpy old men are. Hospitals lost over $44 billion last year for non-payment of services. Non-payment is getting worse. The government health plan is going to cost individuals and families more. The deductibles are going to double or triple. Right now would be a good time to get rid of any hospital stocks or bonds you may have.

In the future, if you don’t have cash, you can’t be sick.

PMO
©2013