(USNews and WR) Citing the Affordable Care Act, Cleveland Clinic to Cut $300M, Warns of Layoffs

Administrators at the Cleveland Clinic announced on Wednesday that the health care giant would be cutting as much as $300 million from its 2014 budget, and that the cuts will likely include layoffs.

“Health care reform has really changed things, and the burden of cost is going to be falling on patients,” spokeswoman Eileen Shiel told The Plain Dealer. “We want to make sure we can keep care affordable.”

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Posted in * Culture-Watch, * Economics, Politics, --The 2009 American Health Care Reform Debate, Corporations/Corporate Life, Economy, Health & Medicine, Labor/Labor Unions/Labor Market

One comment on “(USNews and WR) Citing the Affordable Care Act, Cleveland Clinic to Cut $300M, Warns of Layoffs

  1. Dan Crawford says:

    “We want to make sure we can keep care affordable.” Uh-huh. That’s why the cost of my insulin increased 58% in less than two years. I love corporate Big Medicine, Big Pharma and Big Insurance and all their rationalizations for their obscene profits.