...$85.7 million of the endowment was put into a trust to pay medical-malpractice claims, according to public records.Which should be a clue as to why health care costs so much in the Litigious States of America. That it received so little fanfare in this article, ought to be journalistic malpractice...if there was such a thing.
Saturday, July 20, 2013
Burying the lede...and the hospital
In this Wall Street Journal story about a donation of $135 million by donors--who'd earned the money by investing $50,000 with Warren Buffet in the 1960s--to a Long Island, NY hospital, that has evaporated in a mere two decades, one has to read over 30 paragraphs to get to this;