Word: nonprofitability
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...traces back to the days right after World War II when the American Red Cross was regearing its blood-donor program for peacetime. When it got rolling again, it had to compete with the American Association of Blood Banks, set up in 1947, mainly by community groups for private nonprofit hospitals. The two waged sanguinary warfare for a decade. Not until last year did they put into effect a sense-making national clearinghouse system, so that a patient who gets a transfusion in any of about 5,500 hospitals can receive credit for blood that either he or his family...
...between all-out proponents of federally financed health care for the aged and all-out opponents of any Government involvement, a third force emerged last week and offered a comprehensive middleway plan. Meeting in Chicago, the American Hospital Association and the Blue Cross Association voted to support a new, nonprofit plan to be available to all Americans over 65. Subscribers would pay all or part of their premiums ($10 to $12 a month) in proportion to their incomes, and the Federal Government would pay part or all of the premiums for low-income oldsters...
Provided the plan is run as a nonprofit, voluntary, prepayment system, McNerney said, "the tax source of the funds is of secondary importance...
...problem (current rate: 10%, v. the national average of 6.8%). He charged that industry was pulling out of the city. He claimed that the number of vacant housing units in the city jumped from 9,407 in 1950 to 38,362 in 1960. He cited a report of the nonprofit Citizens' Research Council that predicted that Detroit would have a municipal deficit of $15 million in 1961-62. "Detroit has serious problems and the mayor won't admit it," said Cavanagh. "What about the neighborhoods where people are worrying about how they are going to keep their homes...
...Detroit has lost $16 million in taxes in the past four years. The nonprofit Citizens Research Council of Michigan warns that Detroit is headed for a $15 million deficit in its 1961-62 budget...