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Resource ID: #23894
Source:Wall Street Journal (New York)
The Wall Street Journal examined whether nonprofit hospitals, which account for the majority of hospitals in the U.S., deserve the billions of dollars in annual tax exemptions they receive. The Journal's series revealed that, far from struggling financially, many nonprofit hospitals have become profit machines while shirking their charitable missions. Among the series' findings: Some pay tens of thousands of dollars upfront' others have closed facilities in poor inner cities and built new ones in affluent suburbs; and one hospital put patients' lives at risk to increase its lucrative liver-transplant business.