When one of the city’s great benefactors, Raymond Perelman, chose to give a record-breaking $225 million donation to the University of Pennsylvania’s medical school, the historic passage of the Patient Protection and Affordable Care Act by Congress earlier this year weighed heavily on his decision (which was made with his wife, Ruth).
“If you are going to add 32 million new people to the insurance rolls, there needs to be more doctors available to treat them. Otherwise, our quality of care will suffer similar to England’s and Canada’s,” Perelman said in a recent interview at his Bala Cynwood office that serves as the headquarters for his RGP Holdings.
The Perelmans’ contribution is earmarked to expand the training capacity of the medical school, the nation’s oldest.
“My gift will be used to increase the number of doctors that the medical school trains each year,” Perelman said. “I am hoping that the number of doctors annually trained will jump from approximately 175 now to 500.”
Perelman, who spent a lifetime accumulating a fortune estimated at more than $600 million, is now working just as hard to give it away. “I plan to give away all my money before I die,” he said. “As they say, use it or lose it.”
With the NFL Draft now behind us, the Philadelphia Eagles have revealed their class of…
The Phillies return home after a 10 game road trip, including a little 6 game…
Phillies vs Giants: Is there any stopping this Phillies team? 7-3 in their last 10…
It seems like eliminating the Sixers from the playoffs just isn’t enough for your regular…
The Philadelphia Phillies were among the hottest teams in baseball during the month of April.…
The Philadelphia Eagles started their Friday morning with some good vibes, revealing the jersey numbers…
This website uses cookies.