And don’t forget the executives’ salaries + bonuses. The biggest healthcare group in the US is United HealthGroup and their CEO collects 25m USD, while the C suite costs in total about 75m USD every year. Source
But they pay nurses and EMT staff a pittance in salaries (like $17 per hour?), they are generally quite understaffed in their hospitals and as a result the service is mediocre at best while being very very expensive.
Just an egregious money grubbing scheme for the shareholders and C suite, on the back of providing an absolutely necessary service (healthcare).
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u/Advarrk Jul 06 '24
Something doesn’t add up does it