If you look at from a systemic standpoint - cuts in federal medicaid and medicare spending (a national trend), the ever increasing cost of private health insurance, employers having few options but to push more costs onto employees thus socializing the costs, growing ranks of the unisured thus growing rates of indigent care, you would have the circumspect to understand the microcosm Hutchenson is to that of the broader US health care problems....
You might also consider companies like HCA (Bain & Co owned - private equity and hedge fund), KKR (private equity and hedge fund) are making record profits from the buying out of these hospital for a fraction of what they are worth, then squeezing everything out of it they can.....
Pray, tell......think deeply for a moment...who would love to see the merger with Erlanger not go through and for what private interest is such a deal being targeted and torpedoed.....why not think about the broader picture for a moment,hmmmm?
I agree, the deal with Erlanger is the best plan if you have the care of patients at heart and not the private interests of very few parties at the forefront.
I live in the NE US, im from Chattanooga and I wrote my graduate thesis on the systematic privatization of US health care and the consequences on patient care and access to preventative medicine - a thirty year timeline.
This is part of a larger trend - privatization of public infrastructure for private investors and profit. I also encourage those of you interested to think about what will happen to Catoosa and Dade county residents in the event of a private take over.....the obvious end game for those trying to torpedo the Erlanger/HMC merger when Vanguard or HCA or Tenant Health services takes over and must earn a rate of return for their investors.
Georgia has one of the highest rates of uninsured citizens in the country - close to 30% in FY 2007-2008. Catoosa and Dade a far from the "richest counties in the state. Think long and hard about what happens to these people should the worst case scenario unfold.
In lack of health insurance, GA ranks 44 out of 50 states...but im sure you all knew that right?
Pmac & Marathon5454...not sure if you two pea-brains realize this but the BOD consists of only volunteers who out of good grace and kindness spend their time to keep a not-for-profit hospital operational for the local county residents that built and funded the place. THE BOD RECEIVES NO COMPENSATION - ZERO, NOTHING, ZIP...........hence no potential conflict of interest linked to monetary gain or enrichment.
SO I guess you would rather see private ownership with a private BOD? Would that better the transparency in your eyes (when disclosure requirements are much less than what they are at the current time? Would private ownership & its private BOD (& stipends for members)help the financial situation in your eyes?
I urge you and Marathon5454 to help yourself to a basic legal reference explaining the difference between "private" and "not for profit" organizational classifications. Your statement clearly shows you have zero understanding of the important differences between the two.