Twin Cities Hospitals & The Great Recession: Fiscal Restraint Goes AWOL (Page 123)

Just came across an interesting read from MedCity News on the financial missteps several Twin Cities Hospitals took during the recession of 2008-09 – specifically in terms of trying to expand too fast, borrowing big money and gambling (and losing) in the stock market. Not exactly the picture of financial restraint and prudence one might expect from non-profit entities charged with ensuring their customers’ health and well-being comes first and foremost. What do you think? (Click here to read the story.)

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VIEW DETAILS OF THE SETTLEMENT AGREEMENT

The short version summary of this agreement is that all the hospitals’ takebacks and concessions are GONE, the pension is untouched and all the benefits of your current contract (including MNA Health Insurance, etc.) remain in place as they always have been. In essence your entire contract has been completely protected and preserved. We will be having an all-member vote on July 6th from 6:00 a.m. to 10 p.m. to officially ratify the contract. Voting will happen at two locations – the MNA Office in St. Paul and Park Center High School in Brooklyn Park.
… Read more about: Breaking News: Settlement Agreement Reached  »

You Can’t Care for Patients with Bayonets: Lessons From History

As the contract impasse between the Twin Cities Hospitals (TCH) and the Minnesota Nurses Association (MNA) has heated up, journalists, commentators, and interested bystanders have looked increasingly to history for insights and lessons.  The participation of more than 12,000 nurses in the one-day strike of June 10 was widely described as the “largest” nurses’ strike in American history.  As the nurses voted on June 18 to authorize a second, open-ended strike, the search for historical references expanded.  In revisiting the Minneapolis Teamsters’ strike of 1934 and the Hormel strike of 1985-86, journalist Betsy Sundquist (“Possibility of Nurse Strike Recalls Old Confrontations,” FINANCE AND COMMERCE, June 18, 2010) invoked the shibboleth of the National Guard in asking whether Governor Pawlenty might order their intervention in a prolonged nurses’ strike. 
… Read more about: Guest Post: Labor Expert Peter Rachleff  »