CENTERS for

Budget Planning

April 2016

Jefferson Journal:  Puerto Rico Bailout Could Impact Virginia
Jefferson Journal: Puerto Rico Bailout Could Impact Virginia — By Michael Thompson  Following in the tradition of sovereign entities that spend too much, grow government too large, and do not bring in enough revenue to balance it all out, Puerto Rich finds itself facing a grave and escalating debt crisis.  But allowing this U.S. territory the unprecedented power of abridging its debt will come at a direct cost to Virginia and all other states that rely on the bond market for financing.  (4/14/2016)  Read It Here!

December 2015

Jefferson Journal:  Hospital Finances Show a Profitable Industry
Jefferson Journal: Hospital Finances Show a Profitable Industry — By Michael Thompson  Once again, the financial numbers from the hospital industry show that it is doing very well overall.  Close to 80% of the hospitals in our state are profitable.  The number of hospitals running operating deficits has decreased each of the last three years.  And the numbers laid out in our new study show that in the most recent year-over-year figures, the hospitals as a whole enjoyed a profit of 8.6%.  (12/18/2015)  Read It Here!

November 2015

How Are Virginia's Hospitals Doing Today -- A Review of Hospital Finances
How Are Virginia's Hospitals Doing Today -- A Review of Hospital Finances — Virginia's hospitals are lobbying in favor of Medicaid expansion, arguing that they need the extra revenue to survive.  Yet, their own filings show that the combined profit of reporting hospitals is more than $1.7 billion, and their net worth is more than $16 billion -- both double digit growth over last year.  Read It Here!

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