Word: nonprofitability
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...that it is physicians and other healthcare providers, not patients, who drive up the costs, because they decide what services will be rendered. "There is no good research to make one believe that consumers are abusing the system," says Lori B. Andrews, an attorney on the board of the nonprofit People's Medical Society, based in Emmaus, Pa. "The key to cost control must be the provider...
...other business during the meeting--which ran 30 minutes over its scheduled 90 minute time, and which was interrupted by an unusual number of procedural matters--the council approved funds for incorporating itself as a nonprofit organization, enabling potential contributors to deduct gifts for tax purposes...
...Service Employees International Union (S.E.I.U.), which represents custodial and building-service workers, and the American Federation of State, County and Municipal Employees (A.F.S.C.M.E.) cheered provisions that 1) require Social Security coverage for nonprofit organizations, which may now elect not to participate, and 2) ban the withdrawal of state and local government employees from the system. These unions maintain that their memberships are better served by Social Security than by private pension plans...
Other compromise recommendations include a provision to bring all new federal employees into the system starting in 1984; nonprofit organizations, which now may elect not to participate in Social Security, will also be covered. The new contributors are expected to generate $20 billion in revenue. Also starting in 1984, half of Social Security benefits will be treated as taxable income for all individuals whose annual incomes exceed $20,000 or couples above $25,000, a move expected to raise $30 billion. Self-employed people, who now pay into Social Security at a rate of 9.35%, only three-fourths the total...
...eyes of some, Japanese automakers will stop at nothing in their efforts to win a larger share of the U.S. market. So when Toyota Motor Sales, U.S.A., donated 25 trucks to the County of Los Angeles as the first step in a nationwide program of gifts to nonprofit organizations to mark the company's 25th year, it provoked some unusual reactions. While no one wanted to appear to be giving aid and comfort to the archenemy of U.S. automakers by thanking the Japanese profusely, no one wanted to be accused of turning down 25 free trucks for the county...