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Many Illinois hospitals receive tax exemptions, but how much do they help their communities? New report takes a look.

Mount Sinai Hospital ranks the fourth highest among hospitals across 20 states for spending far more money on charity care and helping its community than what it saves through tax exemptions, according to a new report from the Lown Institute. The West Side hospital spent an average of $78 million more a year on charity care and investing in its community than it saved from tax exemptions given to not-for-profit hospitals, between 2020 and 2022, according to the report from Lown, a Massachusetts-based think tank. More

Pay starts flowing when nonprofit CEOs leave the job

“If we’re really going to grapple with the problems of health care, which are so expensive, unaffordable, driving medical debt — all the things that everybody knows about and are problematic — I think this is a moment to rethink some of that and ask: can we have more transparency?" Saini said. “Can we really try to understand what the hell is going on, how the money is flowing?”

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Meet the Shkreli Award “Winners”

From selling deceased patients' body parts to denying cancer treatment over upfront payments, the Lown Institute's annual Shkreli Awards spotlight the most egregious examples of profiteering and dysfunction in American healthcare. Dr. Vikas Saini, President of the Lown Institute, walks us through 2024's "winners" and what they reveal about the state of our healthcare system. More