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University Of California At Los Angeles Medical Center Finances

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August 3, 2000 | JULIE MARQUIS, TIMES HEALTH WRITER
Once regarded as the hardiest UC medical campus in a punishing health care economy, UCLA Medical Center in two years has seen its net income plunge $50 million and bottom out at close to zero. A decade of ever-slimmer payments from managed care plans, a Medicare crash diet prescribed by the federal government and the rising costs of labor and drugs have taken an ugly toll on one of the nation's premier medical institutions, administrators say.
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NEWS
August 3, 2000 | JULIE MARQUIS, TIMES HEALTH WRITER
Once regarded as the hardiest UC medical campus in a punishing health care economy, UCLA Medical Center in two years has seen its net income plunge $50 million and bottom out at close to zero. A decade of ever-slimmer payments from managed care plans, a Medicare crash diet prescribed by the federal government and the rising costs of labor and drugs have taken an ugly toll on one of the nation's premier medical institutions, administrators say.
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