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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: RealMuLan who wrote (77265)4/4/2008 2:34:10 PM
From: RealMuLan  Read Replies (1) of 116555
 
Nonprofit Hospitals, Once For the Poor, Strike It Rich With Tax Breaks,
They Outperform For-Profit Rivals
By JOHN CARREYROU and BARBARA MARTINEZ
April 4, 2008; Page A1
online.wsj.com
Nonprofit hospitals, originally set up to serve the poor, have transformed themselves into profit machines. And as the money rolls in, the large tax breaks they receive are drawing fire.

Riding gains from investment portfolios and enjoying the pricing power that came from a decade of mergers, many nonprofit hospitals have seen earnings soar in recent years. The combined net income of the 50 largest nonprofit hospitals jumped nearly eight-fold to $4.27 billion between 2001 and 2006, according to a Wall Street Journal analysis of data from the American Hospital Directory. AHD, an information-service company, compiles data that hospitals report to the federal government.



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