"We've every facility here for dealing with people who are rich. We can deal with a blocked purse, we can drain private accounts and in the worst cases we can perform a total Cashectomy, which is total removal of all moneys from the patient."
For too long the Superbowl was a “non-profit” event that brought them billions of dollars.
When the CEOs make an average of $2.5 million, it makes you wonder what “non-profit” means. At the very least, I think it means that the concept of “non-profit” - and any tax benefits associated with that status - needs to be seriously re-thought.
Well, they won't get a lot of returning customers that way.
Finally, the truth.
Monty, give me door #2.
our local for profit hospital lost nearly $40 million last year- and might close- loads of hospitals are closing- likely due to the MASSIVE increase in welfare and medicaid patients both legal citizen and illegal-
The only thing I would add to this excellent essay is that we have had the emergence of what is at least a commonality of interest if not an actual coalition among payers, pharmaceutical companies, and hospitals (a new iron triangle) which appears to have succeeded in neutralizing the interests of the doctors and the patients (a longstanding dream which each element of this iron triangle was too weak to achieve on their own).
So villanizing the salary of the ceo is the issue?
Effin tards.
The hospital, like any business, has to be managed ti profitability
"Raked in". Not "earned". Not "recieved compensation of". "Raked in".
The author wants you to dislike him.
In my area of rural Oregon, one medical group has bought up nearly all doctors practices, and all hospitals and clinics. There are really no alternatives, unfortunately, because the two hospitals are bad, rated as among the worst in the state. At least the food is good.
There are no doctors who are seeing new patients, so I see PAs who are in their final phase of training, where they see patients. They are under the supervision of a med school doctor.
There is a small medical school in town, teaching osteopathy. Some of the best doctors I've seen have been osteopaths (DO). For those who don't know, a DO receives the same training as a DR, and then some.
The morons who populate American politics, and particularly Democrat American politics, wanted their name on a piece of legislation that let them claim they ‘reformed’ health care. They realized that physicians and affiliate caregivers have limited clout, and that the ‘big players’ they had to deal with were going to be the hospital corporations, the insurance companies, and the pharmaceutical companies. So they cut deals with all of them - and this has led to the current disaster (and it is a disaster).
Heath care costs will never go down as long as the current overabundance (and growing) of those in ‘administrative roles’ continues. As I’ve said before, one solution is for the government to limit all administrative costs on every dollar a hospital receives for Medicare or medicaid reimbursement to 10% or less. The private insurers will quickly follow suit. The administrators in hospitals will start to eat each other, and the number of administrators will plummet - as will health care costs.
“Non Profit” is a tax term. It has nothing to do with what a person would think the words mean, outside of IRS terminology.
Until we cap public employees at a ratio to the median household income of the communities they serve, the embezzlement will continue unabated. An entire household earns about $60k a year. In my low population county, there are over 113 employees who take home more than twice that in pay and benefits.
191 take home more than twice the median household income for the county.
673 earn more individually than the median household income, out of less than 800 full time employees.
It is an obscene embezzlement that continues well after their employment when they walk away with taxpayer paid benefits for the rest of their lives. And they’ll vote themselves pay raises as they desire.
So it should not be any shock at all that those who work and run ‘non-profits’ also soak their charities for as much as they can carry. Why not? The people who might prosecute them for it are doing it.
If you owned a medical corporation how much would you pay Trump like leader if you could hire him?
There is no such thing as a “non-profit” hospital.
We have a Medicare Advantage plan with a major health insurance company and our premiums have gone down over the past five years.
It isn’t just the CEOs.
I have a surgeon friend who was complaining that a three week vacation would cost him at least $100K in lost income.
I find that hard to believe.
The Clinton Foundation was a Non Profit.
Just sayin’...
And it’s even more disgusting that insurance companies (HMOs, etc.) are allowed to operate as non-profits, while their executives are making seven-figure salaries. They must be paying our legislators some healthy bribes to allow this scam to continue.