For the second year running, more than a third of Ontario hospitals are bleeding red ink, amounting to a $107 million shortfall.Just something to think about... the next time you're caught sitting in your local emergency room for six hours.
There is concern that while the number of cash-strapped hospitals remained steady, it may be a different story in 2011 due to shrinking provincial funds.
Ontario hospitals received a 2.1 per cent increase to their base funding from the government in 2009-10 — less than inflation. This year, it will only be 1.5 per cent.
Ontario hospitals are forbidden by law from running deficits.
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COMPARE & CONTRAST:
"Premier Dalton McGuinty is defending an untendered, $81-million contract for an energy centre built to power a casino in Windsor."Don't even get me started on the one billion dollars in hospital construction cost over-runs.