Hospitals Under the Knife : New York City System Aims to Cut 2,600 More Jobs as State Funding Drops
The nation’s largest public hospital system plans to slash its work force—including doctors and nurses—by about 10% over two years as government aid drops and …
No hospital system in the country is exempt from the crushing economics facing the health-care industry,” said New York Mayor Michael Bloomberg…
Officials in New York City have told hospital employees’ unions that next year’s goal of reducing staff by 2,600 …
Also weighing on the hospital system’s budget: employee pension costs, which have jumped from $50 million in 2004 to a projected $333 million in the upcoming fiscal year…
Across the country, public hospitals are cutting staff and services to deal with reductions in government aid and an increase in the number of patients who are uninsured or who are covered by Medicaid and Medicare, which pays less than the cost of services.
Lillian Roberts, executive director of District Council 37, the city’s largest municipal employee union…
(Excerpt) Read more at online.wsj.com
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