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Catholic Hospitals Price-Gouging the Uninsured

international | worker & community struggles and protests | other press

Tuesday November 29, 2005 16:20

by pat c

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Its good to see that the spirit of Christ is alive and well in the US Catholic Church. These are the same goons who are trying to avoid claims from abuse victims and are refusing the sacrements to Pro-Choice politicians.

Jesus Wept!

Full story at the link.

Pat C

Catholic Hospitals Price-Gouging the Uninsured, Consejo de Latinos Unidos Says, USA
29 Nov 2005

Catholic not-for-profit hospitals are reaping high profits while charging uninsured patients up to seven times as much as those covered by Medicare, according to a report by Consejo de Latinos Unidos, the Denver Post reports.

The report, which is based on annual tax returns filed by seven large Catholic health systems, found that net income at the hospitals doubled between 2003 and 2004. The hospital systems also have amassed $20 billion in cash and investments. For example, Denver-based Catholic Health Initiatives reported revenues of $5.9 billion during the first nine months of fiscal year 2005, an increase of 5.6% from the same period last year. In addition, CHI's investment income increased to $203.4 million, compared with an $80 million loss in 2003. Revenues increased 10.5% to $7.4 billion in FY 2004.

Catholic Healthcare West, which has $3 billion in nontaxable assets, made $249 million in tax-free profits in 2004, according to the report.

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Comments (2 of 2)

#	Title	Author	Date
1	link	pat c	Tue Nov 29, 2005 16:21
2	Catholic Hospitals Price-Gouging the Uninsured	Seamus Breathnach	Wed Nov 30, 2005 00:01

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