Bob Ney said "This legislation will make substantial improvements to the FHA Hospital Mortgage Program, making it easier for hospitals to obtain mortgage insurance. This vital program provides credit enhancement, merges public and private resources, and makes available billions of dollars in new hospital construction and improvements. Hospitals... face significant financial challenges when providing care to patients, we all know that, who are covered by Medicare and Medicaid. At the same time, improvements in technology and health care knowledge necessitate capital improvements such as additions and renovations to existing buildings. It is generally accepted that modern health care facilities will improve the quality of life and the health of the population." @ PoliticalQuotes.com

On the recordSeptember 17, 2003

This legislation will make substantial improvements to the FHA Hospital Mortgage Program, making it easier for hospitals to obtain mortgage insurance. This vital program provides credit enhancement, merges public and private resources, and makes available billions of dollars in new hospital construction and improvements. Hospitals... face significant financial challenges when providing care to patients, we all know that, who are covered by Medicare and Medicaid. At the same time, improvements in technology and health care knowledge necessitate capital improvements such as additions and renovations to existing buildings. It is generally accepted that modern health care facilities will improve the quality of life and the health of the population.

Said by

Bob Ney

Ohio

Source

govinfo.gov

Editor's note · Context

Discussing the Hospital Mortgage Insurance Act of 2003 and its impact on hospital financing.

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