Nonprofits in Health Care: Are They More Efficient and Effective?

Too often “profit” is equated with “greed.” The word implies to many an unrelenting seeking of gain, even at the expense and suffering of others. This reasoning implies that one man’s profit is derived from another man’s loss.

With the possible exception of education, perhaps nowhere is the notion of profit more widely condemned than in health care. The argument against profit in health care is that a profit-making hospital or other entity is in business to make money rather than to cure peo...