Numerous hospitals around the country are closing their doors triggered in large part because people are not paying their medical care bills.
High medical insurance deductibles that employers have been passing onto their employees is enhancing the problem as more and more are not paying their bills, according to many hospital executives and consultants.
In the past few months, patients and medical insurers have been paying hospital bills more slowly. This has made many medical experts think hospitals will start demanding up-front payments for elective procedures. Recently, Moody’s Investors Service changed its 12 to 18 month outlook from “stable” to “negative” for nonprofit and for-profit medical hospitals, saying “prospects of a protracted recession.”



