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Local News with Jeff Lane

(Richmond, IN)--Reid Health has announced a rate increase of 5.6% next year.  That’s in keeping with the Consumer Price Index.  There is a continued increase in bad debt at Reid.  It’s gone from $60 million in 2008 to $158 million this year, and that does not count Medicare shortfalls.  Reid will write off another $319 million in Medicare shortfalls this year.  Those two combined means that Reid will not be paid for just short of half a billion dollars’ worth of service this year alone.  The 5.6% increase is the highest increase in the last six years.

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