Financing

Case A: You are the President and CEO of St. Michaels Childrens Hospital. You arrive at work to find TV cameras and news reporters in your office. A national news story had aired the previous evening calling into question the tax-exempt status of non-profit hospitals related to the Illinois case (referenced in Chapter 3, page 56 of text). You feel compelled to address the issues raised in the IL case in particular and the general principles of tax-exempt hospitals from the local perspective. What does your press release say?