Why Many Nonprofit Hospitals Are Rolling in Money. “Hospitals are some of the biggest businesses in the U.S. — nonprofit in name only,” said Martin Gaynor, an economics and public policy professor at Carnegie Mellon University. “They realized they could own for-profit businesses and keep their not-for-profit status. So the parking lot is for-profit; the laundry service is for-profit; they open up for-profit entities in other countries that are expressly for making money” And they have somehow managed to keep a myriad of for-profit enterprises under their nonprofit umbrella — a status that means they pay little or no taxes, float bonds at preferred rates, and gain numerous other financial advantages. 🇺🇸
https://kffhealthnews.org/news/article/commentary-nonprofit-hospitals-rolling-in-money/
drmonalidesai / Dr. Monali Desai
npub16c…u8gmf
2024-08-21 14:06:23
Author Public Key
npub16cfnxee9vpp2vamnrpj4hu0n3kxdm9z0fw4xczmsaa9sykv54uzqgu8gmfPublished at
2024-08-21 14:06:23Event JSON
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"content": "Why Many Nonprofit Hospitals Are Rolling in Money. “Hospitals are some of the biggest businesses in the U.S. — nonprofit in name only,” said Martin Gaynor, an economics and public policy professor at Carnegie Mellon University. “They realized they could own for-profit businesses and keep their not-for-profit status. So the parking lot is for-profit; the laundry service is for-profit; they open up for-profit entities in other countries that are expressly for making money” And they have somehow managed to keep a myriad of for-profit enterprises under their nonprofit umbrella — a status that means they pay little or no taxes, float bonds at preferred rates, and gain numerous other financial advantages. 🇺🇸\n\nhttps://kffhealthnews.org/news/article/commentary-nonprofit-hospitals-rolling-in-money/",
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