Non-Profit Hospitals made $21B on Wall Street last year, but are patients seeing those profits?

By artappraiser on Wed, 02/07/2018 - 11:34pm |

By Martha C. White @ NBCNews.com Business, Feb. 7

The booming stock market has been good for ordinary Americans with retirement accounts, and it also has enriched another class of investors to an extent some find problematic: Some medical economists say that nonprofit hospitals are using lucrative Wall Street portfolios to fatten their bottom lines rather than lower what patients pay for health care.

“The tenor and the responsibility of hospital CEOs has now changed over time,” said Gerard Anderson, a professor of health policy, management and international health at the Johns Hopkins University Bloomberg School of Public Health. “They focus on the bottom line and … they get performance ratings based on profitability,” he said [....]

URL:

https://www.nbcnews.com/business/business-news/hospitals-made-21b-wall-street-last-year-are-patients-seeing-n845176?cid=sm_npd_nn_tw_ma