America's current Health Care System on the verge of Collapse?
Jackson Health System, one of Florida's largest employers, is deep in the hole to the tune of $200 million, 20-25% of its budget. Massive layoffs are coming unless something gives.
Please consider Jackson healthcare union: Widespread layoffs expected.
Jackson Health System's union for nurses, doctors and other healthcare professionals is warning members that it expects to be notified of widespread layoffs at a 20-minute meeting starting at 9:40 a.m. Tuesday.
The public hospital system, with 12,000 employees, is one of the largest employers in South Florida. About 4,500 are members of the SEIU. Another 5,000 -- mostly hospital support and office staff -- belong to the American Federation of State, County and Municipal Employees.
Facing a deficit of over $200 million this fiscal year, Jackson Chief Executive Eneida Roldan said she needs to cut 20 to 25 percent of the budget.
Local 1991 President Martha Baker said she was willing to work with Roldan and had offered a partnership to get between $50 million and $70 million in new money out of Washington.
Christopher Bayer, acting chief financial officer, told The Herald last week that he expects Jackson to be down to six or eight days of cash on hand in March and the system will be unable to make payroll in May unless drastic cuts are made.
Jackson's problems are being faced by Health Care systems across America. Health Care accounts for about 20% of GDP and systems need to make MASSIVE cuts. Even though government is running a $2 trillion dollar deficit and responsible for over 60% of payments to health care......the system is imploding under its own weight and evaporating revenues..........
Imagine the impact from a medicare/aid cut back in an effort to slow the deficit?
It is not the end of the world....simply the end of Health Care as you know it.