Nonprofit hospitals, once for the poor, strike it rich
Wall Street Journal (subscription required), April 4, 2008
Due to gains from investment portfolios and pricing power that came from years of mergers, many nonprofit hospitals have seen earnings increase. Statistics show the combined net income of the 50 largest nonprofit hospitals jumped nearly eight-fold to $4.27 billion between 2001 and 2006. As a result, the large tax breaks these hospitals receive are drawing fire.