Another health foundation for the poor has been created in Missouri. It’s a $425-Million foundation to serve the poor in five Kansas City area counties – part of the settlement the state reached with HCA, Incorporated of Nashville to clear the way for it to purchase Health Midwest, which operated not-for-profit hospitals in the Kansas City area. Attorney General Jay Nixon says the foundation board in Kansas City will be similar to the one established in St. Louis when Blue Cross/Blue Shield converted into a for-profit health insurance company. Nixon says it’s important that the assets developed during years of non-profit operation not be taken from the public. The health-care foundation in St. Louis established in 2000 is much bigger. It has assets of nearly one billion dollars and serves 84 counties and the city of St. Louis. Both foundations distribute grants to various health care agencies.
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