Word: profitable
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Dates: during 1980-1989
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Hospitals-for-profit are not a new phenomenon, of course. Groups of local doctors have long owned some small facilities. But today those hospitals are more likely to be members of large national chains. Indeed, nearly 40% of all U.S. hospitals are already linked in multihospital systems. More than 60% are expected to belong to such groups...
Critics accuse the chains of overcharging patients or of skimming the cream from the patient population. At a hospital industry conference in April, Metzenbaum snapped at a group of private hospital officials: "You and your organizations have taken the side of private greed." According to the Senator, for-profit hospitals in Florida charge an average of 14.3% more than nonprofit ones...
...other was the preliminary but convincing approval at the final council meeting of an amendment mitigating the city's strict condominium conversion code by allowing tenants in some rent-controlled apartments to buy their building as a cooperative, but prevents them from making a profit by it. The idea was to allow low-income citizens to own a home and to insure that the units are always low priced...
...several powerful Congressmen are pushing two separate bills in Congress to end the traditional practice of establishing insurance rates on the basis of gender, which often results in higher premiums or lower benefits for women. Says Kathy Bonk of the Legal Defense Fund: "We have to take the profit motive out of sexual discrimination...
...whose 117,000 employees last year delivered 1.6 billion packages to more than 35,000 communities, earning the company more than $300 million; in Seattle. Casey was a believer in giving executives at every level a say, and a stake, in running the company. As a result of his profit-sharing plan, among the first in American business, U.P.S. is today almost entirely owned by its 12,000 managers and supervisors, their families and heirs...