Public hospitals learning to live with shrinking subsidies.
Dwindling revenue sharing money and the recession's downward pressure on tax receipts are forcing state and local governments to take a scalpel, or in some cases an ax, to their direct subsidies to hospitals. One Louisiana hospital saw its entire subsidy eliminated because state officials said the facility had become self sufficient and didn't need the assistance, which exceeded $15 million last year.
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D005377:Financial Management, Hospital / Q000639:trends*; D005380:Financing, Government / Q000639:trends*; D006779:Hospitals, Public / Q000191:economics*; D013660:Taxes; D014481:United States