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REID PROVIDED $438 MILLION IN HEALTH CARE IN 2015 FOR WHICH IT WILL NOT BE PAID

(Richmond, IN)--Reid Health has released numbers that illustrate the skyrocketing cost of providing local health care.  In 2015, Reid expects to incur bad debt and charity care shortfalls of $137 million. That’s more than double what it was seven years ago.  But, that does not include Medicare shortfalls.  Also, Medicaid only pays about 20% of actual charges.  Combining all of those factors means that, this year, Reid will incur costs – but not be paid for – an astronomical 438 million dollars’ worth of care.  CEO Craig Kinyon said it means costs to commercially-insured patients will continue to rise.

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