Pension Funding Woes Escalate For U.S. Not-For-Profit Hospitals And Health Systems Apr 10

Standard & Poors, April 2010

Abstract
Many U.S. not-for-profit hospitals and health systems will likely face increased pension funding needs in the next several years, in the view of Standard & Poor's Ratings Services. We believe that the costs associated with addressing these needs will further challenge a sector already coping with significant challenges such as softer patient volumes and cash reserves. While many providers' financial and operating performances have rebounded from last year's lows, we believe that pension funding is one of the key factors that will likely weigh on the sector for a long time. Since late 2008, Standard & Poor's has seen pension funding levels drop for many not-for-profit hospitals' and health systems' defined-benefit plans, resulting in a deficiency that providers must now...

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