We've been giving you bad news all around on the healthcare borrowing front, but today we have good news for you: it could have been worse.
When Citigroup nearly went under last month, it was more than just the next bank to fail in troubled economic times; it was also the last great bastion for tax-exempt borrowers such as healthcare providers.
So despite the fact that Citigroup had to get bailed out, at least it didn't go under. The company is expected to remain a major player in tax-exempt healthcare finance despite the bailout and recent job cuts.
To learn more about the bailout and its effects:
- read this Modern Healthcare piece (reg. req.)