Tag Archives | for-profit

Another Unethical For-Profit College Brought to Light

Students, parents, and all-around consumers and taxpayers are growing increasingly skeptical of the dubious for-profit college model that promises valuable degrees (and ultimately, jobs) but instead leave students with crippling debt and few career options upon graduation. Rising public scrutiny in the wake of lawsuits concerning predatory loans, lack of job placement assistance, misleading recruitment claims, and deceptive financial aid activities have begun to have an effect on this industry’s worst offenders. EDMC (parent company of the Art Institutes) was sued until their stock dropped so far they eventually delisted from the NASDAQ last November, while Corinthian Colleges is selling off or shutting down campuses as it faces lawsuits and investigations from multiple state and federal agencies.

At the Huffington Post, Kyle McCarthy writes about another culprit: Globe University and the Minnesota School of Business (MSB), part of the Globe Education Network responsible for more than 30 for-profit colleges with sky-high tuition, outrageous debt, low graduation rates, high default rates, and more than their share of dirty laundry.… Read the rest

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50 hospitals charge uninsured more than 10 times cost of care, study finds

Images Money (CC BY 2.0)

Images Money (CC BY 2.0)

If you’re uninsured, it’s possible that you’re being charged 10 times more than your insured neighbors when you go to the hospital. Lena H. Sun has the scoop at WaPo:

Fifty hospitals in the United States are charging uninsured consumers more than 10 times the actual cost of patient care, according to research published Monday.

All but one of the facilities are owned by for-profit entities and the largest number of hospitals — 20 — are in Florida. For the most part, researchers said, the hospitals with the highest markups are not in pricey neighborhoods or big cities, where the market might explain the higher prices.

Topping the list is North Okaloosa Medical Center, a 110-bed facility in the Florida Panhandle about an hour outside of Pensacola. Uninsured patients are charged 12.6 times the actual cost of patient care.

Community Health Systems operates 25 of the hospitals on the list.

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Scumbag Judge Gets 28 Years for Role in Scheme to Incarcerate Children for Profit

mark-ciavarella-mugshot.400x800For-profit correction facilities? What could possibly go wrong?

Via Rolling Out:

Judge Mark A. Ciavarella, 63, serves as an example of why the private prison industry can do more harm than good. Ciavarella worked alongside owners of private juvenile facilities to ensure that the prison remained occupied. The more prisoners equated to more profits for the owners of the prison.

As a result, Ciavarella would sentence offenders with small offenses to months and, at times, years behind bars. He once sentenced a teen to three months in jail for creating a MySpace page that mocked her school’s assistant principal. Ciavarella also sentenced another teen to 90 days in jail after a simple schoolyard fight.

But after a federal investigation, it was discovered that Ciavarella and his colleague, Judge Michael Conahan, received more than $2.6 million from privately run youth centers owned by PA Child Care. In 2011, Ciavarella was convicted of racketeering and sentenced to 28 years in prison.

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