Fitch: Illinois Charity Legislation Would Hurt Hospital Credits

Shields, Yvette
March 2006
Bond Buyer;3/17/2006, Vol. 355 Issue 32341, p27
Trade Publication
The article reports on the warning given by Fitch Ratings Inc. that the legislation proposed by Illinois Attorney General Lisa Madigan will affect hospital credits. The legislation, which requires tax-exempt hospitals to provide a minimum level of charity care, would result in credit downgrades. Madigan believes that minimum standards are needed because not-for-profit hospitals benefit financially from their tax-exempt status.


Related Articles

  • Fitch: Hospitals Saw Surprising Improvements In 2014. Devitt, Caitlin // Bond Buyer;8/17/2015, Vol. 1 Issue 34361, p1 

    Fitch Ratings said 2014 hospital medians showed surprisingly strong results, while capital spending in the sector hit the lowest point in six years.

  • Madigan's Hospital Bill. Shields, Yvette // Bond Buyer;1/25/2006, Vol. 355 Issue 32305, p1 

    This article presents information about a new legislation in Illinois that requires most hospitals to provide a minimum level of charity care. It also sets standards for billing and collection methods. The legislation is proposed by Illinois Attorney General Lisa Madigan. If it is approved,...

  • THE TRADING FLOOR. Smith, Aaron T.; Walker, Susanne // Bond Buyer;4/17/2003, Vol. 344 Issue 31617, p6 

    Presents information related to developments in the securities and investment industry of the U.S. as of May 14, 2003. Post offered to Hiran Cantu by Fitch Ratings Inc.; Honor being bestowed upon Christopher Allingham by Wall Street Cares, a not-for-profit organization.

  • Fitch Downgrades St. Louis-Based Nonprofit.  // Bond Buyer;7/17/2002, Vol. 341 Issue 31429, p4 

    Reports the downgrading of National Benevolent Association by Fitch Ratings in Saint Louis, Missouri. Decrease of the BBB rating to BBB-minus; Inability of profits to stem operating losses.

  • SECURITIZATION.  // National Mortgage News;1/26/2004, Vol. 28 Issue 18, p12 

    Reports developments on mortgage loans as of January 2004. Provisions of the state predatory lending laws; Terms of the agreement signed between the Bond Market Association and the Securities Industry Association; Certification of the B-minus rating on class B-8 of DLJ Commercial Mortgage Corp....

  • Fitch Upgrades Pittsburgh to BBB, Citing Approval of 2005 Budget. O'Brien, Elizabeth // Bond Buyer;2/1/2005, Vol. 351 Issue 32061, p5 

    The article reports that Fitch Ratings Inc. upgraded Pittsburgh's debt to an investment-grade BBB from BB yesterday largely because the City Council last month approved the 2005 budget for the long-struggling city. Towards the end of 2004, city officials voiced concerns that Pittsburgh would run...

  • Hospital Still Negative. Sigo, Shelly // Bond Buyer;9/29/2005, Vol. 353 Issue 32228, p31 

    Reports on the announcement of Fitch Ratings Inc. to maintain its negative watch on the debt for Memorial Hospital at Gulfport, Mississippi due to uncertainty relating to reimbursements from insurance companies and the federal government. Damage sustained by the hospital during Hurricane...

  • Bill to Require Illinois Hospitals to Provide More Free Care.  // hfm (Healthcare Financial Management);Mar2006, Vol. 60 Issue 3, p20 

    The article reports on a new legislation issued by Illinois Attorney General Lisa Madigan that mandates not-for-profit hospitals to provide more charity care. The new legislation would require tax-exempt hospitals to offer free medical treatment to uninsured patients whose income is below 150...

  • Hospitals gut bill to curb debt collection. Singh, Shruti Daté // Crain's Chicago Business;3/13/2006, Vol. 29 Issue 11, p3 

    The article focuses on the legislation proposed in Illinois to sharply limit aggressive tactics in collecting unpaid bills from patients. The Illinois Hospital Association boasted that all the objectionable and unworkable provisions had been eliminated from a bill proposed by Attorney General...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics