CNA’s Michael Lighty on Huge Profits for Not-For-Profit Hospitals
Also—get ready for a little policy talk with California Nurses Association Director of Policy, Michael Lighty. Or—closer to the truth—get ready for some very disturbing facts and findings from a report that cites the huge profits hospitals are making by virtue of their non-profit status. Private not-for-profit hospitals, which dominate the California hospital landscape, rack up tax exemption benefits of close to $2 billion a year beyond what they return to communities in charity care, according to the report.
The study was just released by the Institute for Health and Socio-Economic Policy, the research arm of California Nurses Association and National Nurses United. You really won’t want to miss this conversation. You can read the report for yourself at www.calnurses.org.