NEWS: Reuters: Cleveland Clinic Announces Job Cuts to Prepare for Obamacare

September 19, 2013

Health Care Law Is Cutting Health Care Jobs
Even the Nation’s Most Prestigious Clinics are Not Immune

Cutting jobs to prepare for the health law? That’s the latest news coming out of the world-renowned Cleveland Clinic. The clinic is attempting to cope with the health law’s threat of doctor shortages, the burden it places on health care providers, and the costs it imposes on employers. Reuters reports the Cleveland Clinic plans to “cut jobs and slash five to six percent of its $6 billion annual budget to prepare for President Barack Obama’s health reforms.” Obamacare was supposed to improve our health care system; instead it continues to threaten jobs all across the country. “The clinic is Cleveland’s largest employer and the second largest in Ohio after Wal-Mart. It is the largest provider in Ohio of Medicaid health coverage for the poor, the program that will expand to cover uninsured Americans under Obamacare.”

September 18, 2013

Cleveland Clinic Announces Job Cuts to Prepare for Obamacare

The world-renowned Cleveland Clinic said on Wednesday it would cut jobs and slash five to six percent of its $6 billion annual budget to prepare for President Barack Obama's health reforms.

The clinic, which has treated celebrities and world leaders such as musician Lou Reed, former Italian Prime Minister Silvio Berlusconi and former Olympic gold medal skater Scott Hamilton, did not say how many of its 44,000 employees would be laid off. But a spokeswoman said that $330 million would be cut from its annual budget.

"Some of the initiatives include offering early retirement to 3,000 eligible employees, reducing operational costs, stricter review of filling vacant positions, and lastly workforce reductions," said Eileen Sheil, Executive Director of Corporate Communications for the Cleveland Clinic Foundation.

The clinic is Cleveland's largest employer and the second largest in Ohio after Wal-Mart. It is the largest provider in Ohio of Medicaid health coverage for the poor, the program that will expand to cover uninsured Americans under Obamacare.

"We know we are going to be reimbursed less," under Medicaid, Sheil said.

Cleveland Clinic has almost 100 locations around Ohio employing 3,000 doctors. Its main campus is world renowned for cancer and cardiovascular treatment.

"To prepare for healthcare reform, Cleveland Clinic is transforming the way care is delivered to patients," Sheil said without elaborating. …

Read the complete story online here.

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