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Why have non-profit universities such as Harvard and Stanford amassed endowments in the tens of billions, while continually raising their list prices faster than inflation? People in the "non-profit" sector often advocate higher taxes that would not fall on them.
1 posted on 02/20/2020 2:09:52 PM PST by karpov
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To: karpov
Don't like big oil

Don't like coal

Don't like pharmaceutical companies

Don't like hospitals

Don't like insurance companies

Don't like Wall Street

Don't like...

The list is long of the institutions the Leftists don't like.

We still have the best medical care in the world, but hey lets put
the government totally in charge of it, install a one payer system,
and become just like the naitons around the world whose government
health provision is struggling to provide services.

These people are just like Nancy Pelosi, "We have to totally destroy the
place, before you can see how we intend to fix it.

2 posted on 02/20/2020 2:21:56 PM PST by DoughtyOne (The DNC has a taxidermist on speed dial for Nancy, Hillary, and Ruth.)
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To: karpov

What about the outrageous pay the admin pays themselves.


3 posted on 02/20/2020 2:22:16 PM PST by maddogtiger
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To: karpov

Try receiving medical care at the “non profit” hospitals that were established to provide health care if you don’t have good insurance. These “non profits” will seize your home and garnishee your wages for unpaid bills.

Yet they all seek “charitable” donations to perform their work. Too bad they are not required to publish the salaries of their executives and how lucrative contracts seem to be regularly made with members of their Board or families of the “non profit” executives.


4 posted on 02/20/2020 2:33:46 PM PST by allendale (.)
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To: karpov
Maybe because health care is consumer driven.

Want the best doctors - $$$$
Want the best attentive nurses with a low provider to patient ratios - $$$$
Want a private room instead of open wards which commands more attention to material management - $$$$
Want supplies provided at will and meets your needs through a difficult to manage supply chain - $$$$
Want amenities for patients and visitors - $$$$$
Want state of the art equipment - $$$$$
Want processes optimized - $$$$$

Want a system that either is profitable or has overages to sustain growth in order to continue healthcare provisions - $$$$$
Many other etc....

Healthcare is expensive, especially under a system where the largest single payer only reimburses the cost of operations at 80-90% because the electorates are idiots and created this mess in the first place through the ballot box
6 posted on 02/20/2020 2:36:45 PM PST by rollo tomasi (Working hard to pay for deadbeats and corrupt politicians)
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To: karpov

The fact is state governments and the feds need to rewrite the rules for
charitable institutions that limit admin and board of director salaries.

It pretty much happens to all charitable organizations that eventually they start to be run for the benefit of the group that controls the charity instead of for the benefit of the alleged charitable purpose.

Charitable hospitals should be legally required to put most of their profits toward charity medical care.


7 posted on 02/20/2020 2:36:51 PM PST by Valpal1
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To: karpov

Payroll tax exemption? BS, unless the communist author means NYC taxes. Non-profit employer and employees are subject the social security and medicare taxes like anyone else.

The author also fails to fathom that without 50% of hospitals delivering services, the other 50% would be overwhelmed.

Where does the author think the “profits” of non-profits go? If Boards of Directors or Administrators are enriching themselves, file complaints for fraud. When someone starts whining about “serving” a “community” it’s because they want government to run every last thing.

Your point about universities should be put to that world famous economist Elizabeth Warren, who was paid $400,000+ per year as a Harvard professor. Now that’s a racket.


9 posted on 02/20/2020 2:41:14 PM PST by Chewbarkah
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To: karpov
You ain't seen nuthin' yet.
The BABY BOOMERS are 74 years old this year. As they age and deteriorate in health and vigor our country's oncologists, geriatric doctors and hospitals will be OVERWHELMED.
10 posted on 02/20/2020 2:42:44 PM PST by cloudmountain
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To: karpov

The Superbowl was a non-profit event until recently. Seemed everyone was making money on it


17 posted on 02/20/2020 3:32:25 PM PST by a fool in paradise (Everyone knows Hillary was corrupt, lied, destroyed documents, and influenced witnesses. Rat crime.)
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To: karpov

Have a friend who works for the Cleveland Clinic. She said it is out of control tightly run. No sweets or anything fun in the vending machines. She said there was a guy who would bring forbidden donuts & people would go nuts!


22 posted on 02/20/2020 4:06:12 PM PST by leaning conservative (snow coming, school cancelled, yayyyyyyyyy!!!!!!!!!!!)
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To: karpov

Yu mean operating a hospital in a rural community is NOT a community benefit? Maybe look at all the hour that the employees devote to community services.

Anyway ‘not for profit’ is not the same thing as ‘non-profit’. Not for profit means that the organization primary mission is not making a profit but can and sometimes they actually do make a profit, even in the unbelievable burden of really stupid government regulations. Even then all of the ‘excess’ money earned is reinvested in building, equipment, employees, and expanding services.

The NY Times would prefer that all healthcare services would be loosing money so they would have to support total govt takeover. God help us if that ever happens.


25 posted on 02/20/2020 4:40:27 PM PST by dirtymac (Now is the time for all good men to come to the aid of their country.(DT4POTUS))
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To: karpov

When I started in practice, hospitals were, in effect, public utilities.

Changes made by the Federal government between 1984 and 1987 created an opportunity for grifters to enter the system and set up can’t fail cash machines, which is what hospitals have become.

If you wanted one, single thing that would do more than anything else to stabilize the system it would be to either nationalize the hospitals outright or run them like the electric and water utilities.


28 posted on 02/20/2020 4:56:20 PM PST by Jim Noble (There is nothing racist in stating plainly what most people already know)
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To: karpov

“Non-profit” is a tax status. They are allowed to make a profit - they just don’t have to pay taxes on that profit.


38 posted on 02/21/2020 1:12:51 PM PST by grundle
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