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LSU hospitals may face shortfall

2 years 10 months 2 days ago December 20, 2013 Dec 20, 2013 Friday, December 20 2013 December 20, 2013 9:04 AM in News
Source: AP

BATON ROUGE - The financing structure for Gov. Bobby Jindal's privatization deals for the LSU network of hospitals and clinics is risky and may run into shortfalls within five years.

That's the assessment in a report released Friday by nonpartisan policy research organization the Public Affairs Research Council of Louisiana, or PAR.

PAR reviewed the contracts that turned over university-run hospitals and clinics around the state to private managers.

Jindal describes the privatization as a cost-cutting move to save the state more than $100 million this year, while improving services and medical training.

But PAR says the financial arrangements may not be feasible after Jindal has left office. That's because a sizable portion of the contracts is paid with funding for federal uninsured care - funding slated to shrink nationwide, starting in 2018.

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