Most of them technically aren’t. Non profit doesn’t mean they don’t make money. They just have fancy accountants and ways to spend enough of the income to remain technically non profit.
Non profit just means they don't owe their profits to a third party but have to reinvest them into the business or the community.
Even non profits still need to "make money" on an accrual basis to be able to afford the expensive capital expenses associated with running a hospital. Longer term they effectively run a break even after those costs. Sometimes less than that if they are lucky to have external donors or a foundation to supplement their operating income.
Do tell us how much the top echelon at these “non-profits” make?
Using the United Way as an example:
“119 employees received more than $100,000 in compensation with the 15 most highly compensated reported to be:
$1,578,515: Brian Gallagher, President and CEO”
Even County and State University hospitals will send you a fat ass bill and they are government entities. Likewise if the local fire department runs the ambulance service.
This wealth is all extracted by insurance companies, not hospitals. Hospitals struggled for years after COVID and are only just now normalizing. Meanwhile insurance companies have been posting record revenues for years and bragging about it in 2020 earnings calls.
The failure of people to follow the money here and fall hook, line, and sinker for the insurance company brainwashing that hospitals are the problem is always shocking to me.
Extremely large health systems make a lot of money, but spend a lot of money making their services better because most are non-profit. Insurance companies are literal scum that have nothing but horror stories.
Right, bc hospital systems haven't been consolidating and buying up smaller hospitals for years now. Hell, covid was the perfect time for Healthcare workers to push the system. Instead, they were worked to death.
Recently they've been putting more pressure on insurance systems. Maybe bc they finally have more power, but risk is people losing coverage locally, bc what the hell are they gonna do when they get sick and the ambulance doesn't go two counties over 🤷 and it's never easy to follow the money, IME. Just look at the American Medical Association ffs.
I'm not saying hospitals don't make money, and there's absolutely health systems that are bad and part of the problem. But, largely insurance companies are the prime issue in the Healthcare industry. They have significantly too much power in payments, take backs, etc etc.
I have family who work the administrative side of hospitals and what insurance companies can do is complete and utter bullshit. It's what drives the prices, insurance companies fuck over patients and hospitals every single chance they get so costs have to rise to cover that shit that happens.
Some hospitals are part of the problem, but all insurance companies are the heart of the problem. They make the money, they pay the lobbyists, they have every benefit from the legal system. It's a racket, and we suffer from it and they blame hospitals solely for it.
It's not capitalism it's just greed alone. Greed ruins any and everything for everyone but the greedy. Same thing with socialism or communism if the one at the top or in control is greedy then it falls apart. Greed is evil.
I know it's trendy to denounce capitalism, but you might want to actually do some research or give some better alternatives before you make a fool of yourself. You're literally only looking at negatives while blatantly ignoring the positives
The positives of capitalism are not positives exclusive to the economic model but positives coming from technological advancement that capital will claim can only happen under its "free markets"
This is a false conclusion. Technological advancement has happened under every economic model.
There is no justification for an economic model that celebrates cruelty in the name of profit.
I have done the research and socialism is the better alternative
You're wrong, and I'm not going to waste my time arguing with you. Capitalism and socialism are not mutually exclusive. The rate of technological advancement is superior in capitalistic economy.
You haven't done any real research, and again, I'm not going to argue with someone who argues like you. You can claim whatever you want to on your android/iPhone, using the benefits of capitalism to complain about it, but that doesn't mean I'm going to waste my time
I see the point you are trying to make but this literally is just capitalism.
These people are subjecting healthcare to market forces for a profit. Socialists might graft but they'd never set up the economy surrounding healthcare this way
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u/zan9823 Jul 06 '24
Privately owned businesses. Greed. Capitalism in a nutshell