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Physician Hospitals of America (PHA) Congratulates Congress on its Passage of a 'Clean' SCHIP Children's Health Bill
Date:2/4/2009

st attempt would have had devastating economic effects with the loss of over 78,000 current and potential jobs, restrictions on healthcare access in hundreds of communities across the country, and severe restrictions on patient's ability to choose and access some of the best and safest hospitals in the country.

In addition to the impact on the 199 existing physician-owned hospitals, 34 are under-going major construction with an estimated $357,500,000 in outstanding expenditures that could be affected by legislation.

Further, the failed legislation would have stopped the current development of 85 hospitals in their tracks with the loss of an estimated $1,830,909,350 already invested and another $574,358,090 in outstanding financing.

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MOLLY SANDVIG, JD

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SOURCE Physician Hospitals of America
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