A new report from conservative watchdog advocacy group Save Our States has found that prominent nonprofit hospital systems across the country are misusing taxpayer dollars to pad executive salaries and pay for lawsuits.
Findings of the Report
The report, titled Nonprofit Hospital Accountability Report, examined 14 major US hospital systems and found that many are providing minimal community benefits while providing lavish salaries to hospital leadership and executing mass layoffs.
For example, New York Presbyterian, a nonprofit hospital system, more than doubled its CEO’s salary from $8.9 million to $23 million in the midst of a $750 million sexual abuse settlement. The hospital also announced layoffs of approximately 1,000 employees due to anticipated financial challenges.
Another example is Henry Ford Health, a Michigan nonprofit hospital system, which paid its CEO more than $7 million in 2024, a large increase over the previous year. The system also paid out $15 million in bonuses to its top executives before laying off thousands of workers and relying on a taxpayer-funded federal bailout to remain solvent.
The report highlights the need for greater transparency and accountability in nonprofit hospital systems, which are exempt from federal income taxes and often receive taxpayer-funded government grants.
Original reporting: KTBS 3 (Shreveport) — read the source article.