$40M in Gold Bars: Why NYC , s Richest Hospital Stopped Taking poor patients



A hospital with $40 million in gold bars just stopped accepting new Medicaid patients.


Mount Sinai Hospital in New York City, which reported $4.6 billion in revenue and has luxury suites for the wealthy, has quietly stopped accepting new Medicaid patients.


 The hospital is one of the biggest beneficiaries of the 340B drug program, a program meant to help hospitals serving low-income patients. While sitting on $40M in gold and tripling its 340B profits, it cut off Medicaid and then deleted the notice from its website when reporters asked.


 Critics say this is Exhibit A for why the 340B program needs urgent reform.


What do you think? Should hospitals profiting from 340B be forced to accept Medicaid?



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