Hospital leaders, already anxious over the potential repeal of the Affordable Care Act, may soon find going to market to borrow money far more challenging than in the past.
The election of Donald Trump as president has immediately placed hospital debt–some $250 billion of it nationwide–into the headwinds, according to Bloomberg.
And hospitals are already beginning to feel the pressure. A bond issue of Michigan-based Trinity Health Corp. slated to mature in 2045 rose to a 1.77 percent yield, up from 1.20 percent point a month ago. The higher-rated Providence St. Joseph’s debt in California and Washington state rose about 0.15 percent, according to the article.
