Thursday, December 31, 2009

Big Hospitals, Big Cash, Big Business

I just can't go through a week of blogging without at least one story about nonprofit hospitals, and this one from the Chicago Tribune once again underscores the point I've made before: many nonprofit hospitals (not all, I admit) these days operate simply as big businesses, and the notion they are charities is frankly absurd.  

There's really not much to say when Advocate Health Care salts away a $2 billion cash reserve and Rush Memorial spends $1 billion to renovate its west side campus.  Not much, that is, other than to wonder why we continue to grant these organizations property and income tax exemptions . . . 

JDC

http://lawprofessors.typepad.com/nonprofit/2009/12/big-hospitals-big-cash-big-business.html

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