Tuesday, September 21, 2010

Northwestern University Medical School Gets $45 Million Dollar Bailout

Wow. So where's all that bailout money coming from?
The university and the hospital each is providing $10 million, the note said. The $25-million contribution from the faculty foundation consists of expense reimbursements, including advance transfers of projected operating surpluses, and self-insurance premium credits released to the foundation from insurance reserves.

Besides covering an unspecified deficit at the school, the cash infusion will provide academic program support, the note said.
Hmmm. "Unspecified deficit." Are we seeing a medical education cost bubble beginning to burst?


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