Credit card debts of the poor: High and rising
β Scribed by Edward J. Bird; Paul A. Hagstrom; Robert Wild
- Publisher
- John Wiley and Sons
- Year
- 1999
- Tongue
- English
- Weight
- 170 KB
- Volume
- 18
- Category
- Article
- ISSN
- 0276-8739
No coin nor oath required. For personal study only.
β¦ Synopsis
The 43-million figure is from Lewin's [1997] article, "Hospitals Serving Poor Struggle to Retain Patients." 2 The Lewin, Miller, and Echles study [1988], sponsored the Volunteer Trustees of Not-for-Profit Hospitals, shows that nonprofit hospitals provide for uncompensated care (a category that includes both charity care and bad debt) than their investor-owned, profit-seeking competitors. Yet, it also shows that uncompensated care provided by investor-owned hospitals ranges from 2.7 percent in California to 4.9 percent in Florida-hardly an insignificant amount-without the benefit of a property tax exemption. Tax policy apparently has little to do with actual results.
π SIMILAR VOLUMES
## Abstract An option is embedded in credit cards. Since credit cards offer open credit lines, cardholders can borrow at the same terms when they become riskier. This option value raises the zeroβprofit card rate. Furthermore, adverse selection occurs if cardholders are better informed about the pr
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