Word: profit
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Since the insurer has gone under state control, state officials have been seeking ways put the company back on its feet. They have expressed a strong preference for creating a plan to keep the HPHC as a nonprofit institution, instead of selling it to an already established for-profit insurer...
...receivership team is looking at the available nonprofit alternatives prior to moving in the direction of for-profit sale," said Christopher J. Goetcheus, spokesperson for the Massachusetts Division of Insurance...
...bankers proposed a plan to salvage Harvard Pilgrim, sources familiar with the talks told the Globe. But the plan's feasibility seems questionable. According to the article, Mass. Attorney General Thomas F. Reilly said the alternatives to the plan are selling Harvard Pilgrim to a for-profit insurance company and liquidation...
Last November, Grogan's team launched the '20-20-2000' plan to loan money at low rates to non-profit housing developers in an effort to alleviate the lack of low-income housing in the area. Grogan says he expects the loans to be fully distributed by next month...
Instead, ASG recommends giving to charities like the United Nations Children's Fund (UNICEF), Phillips Brooks House Association and Get Ready, a non-profit organization started by members of Harvard's Class of 2000 that aims to help inner-city youth gain access to higher education though SAT prep, college guidance and community involvement programs...