K1052
Elite Member
- Aug 21, 2003
- 51,943
- 44,803
- 136
Been seeing a lot of questions about if the medicare cuts don't start until after the 26 elections then why would there be political blowback. Well if you are a lender to any company in the medical sphere that relies on Medicare for XX% of your revenue that the government has just vaporized there is a real good possibility the covenants require immediate action and you have to create a new budget. If your margin is already tight then you probably go under. So hospitals and practices which can't make it will start folding this year.