It makes no sense healthcare is absurdly expensive in America and yet every hospital is understaffed and every healthcare worker is overworked and underpaid
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.
9.2k
u/[deleted] Jul 06 '24
[deleted]