Bankruptcy filings among hospitals and medical centers more than tripled in 2017, according to data compiled by Bloomberg. While there are many factors contributing to this financial volatility, the political battle over The Affordable Care Act, known as Obamacare, could be a continuing force behind the restructuring of debt and bankruptcy filings in the healthcare sector.
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Since the Affordable Care Act was launched in 2013, the industry has seen a steady wave of Chapter 11 and Chapter 9 filings. Now, with the future of the ACA in doubt, the health care industry, reimbursement companies and insurers are understandably apprehensive about what their financial future holds. In this article, we take the financial temperature of the health care industry and explore what the current administration may have in store for the health care industry in the near future.
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