Mass. Reports Put Spotlight on Hospitals’ Reserve Funds
On Monday, Massachusetts Gov. Deval Patrick's (D) administration released a report finding that hospitals in the state have billions of dollars in reserve funds. A separate report released by the Patrick administration found that 80% of acute care hospitals turned a profit in 2009, compared with 65% of the facilities in 2008. Massachusetts hospitals have come under increasedÂ scrutiny recently as state officials attempt to control health care costs.
- "Hospitals Report Hefty Reserves" (Lazar, Boston Globe, 5/18).
- "Mass. Senate Debates Bill To Contain Health Costs" (AP/Boston Herald, 5/18).