If Va. doesn't expand Medicaid, UVa hospital stands to lose millions for residents - The Daily Progress: Local

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If Va. doesn't expand Medicaid, UVa hospital stands to lose millions for residents

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Posted: Monday, November 11, 2013 4:30 pm | Updated: 4:31 pm, Mon Nov 11, 2013.

The University of Virginia Medical Center could lose hundreds of millions of dollars over the next decade, said CEO R. Edward Howell, as provisions of the new health care law kick in.

Howell estimates the hospital could lose $140 million by 2020 as Medicare reimbursements are reduced; much of that money is used to pay for residencies for recent medical school graduates, he said.

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