In its article of April 4, 2008, The Wall Street Journal pointed out, No fewer than 25 nonprofit hospitals or hospital systems now earn more than $250 million a year.
According to the newspaper, however, there are charitable hospitals that are truly charitable, Velvel notes. They treat the uninsured. Sometimes they pay millions in taxes of one kind or another. They are struggling financially. And, discussing two of them in the Chicago area, the Journal says their CEOs make just a bit more than $200,000 per year.
Velvel is dean and cofounder of the Massachusetts School of Law at Andover, established in 1988 to provide a quality, affordable legal education to students who would otherwise be unable to obtain a legal education. Tuition at the school is about just half charged by other New England law schools. Velvel has been honored for his work by legal publications and is the recipient of several publishing industry awards for his collections of essays.
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(Reach the author, a media consultant for the Massachusetts School of Law, at at sherwoodr1@yahoo.com)
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