Denver Health Faces $155 Million in Unpaid Healthcare Costs Due to Rising Uninsured Patients
Denver Health's Financial Challenges
Denver Health has announced that it will experience an alarming $155.5 million loss from uncompensated costs this year. This represents a 10% increase from last year. With the rising number of uninsured patients, which increased from 61,000 in 2022 to 75,000 in 2023, Denver Health is feeling the pressure.
Impact of Uncompensated Care
- Uncompensated costs have escalated dramatically, along with the number of uninsured patients.
- Denver Health CEO Donna Lynne emphasized that the hospital provides care to all, irrespective of their ability to pay.
- Additional services, including housing through 34 apartments for patients, are also part of their commitment to care.
Funding Solutions
Denver Health is pushing for greater funding to offset around $118 million due to treating uninsured patients. However, the city’s reimbursement has remained a mere $30 million annually. The proposed Denver Health sales tax initiative aims to increase the city’s sales tax by 0.34%, potentially generating $70 million each year to assist healthcare costs.
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