Sun, 13 Jan 2013, 1:15am PST
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Absolutely - and they give huge bonuses to the CEO and executive staff. All the while they're soliciting more donations and pretending to help the poor & non-funded.
People think non-profits offer better care because they're not focued on the dollar - but they run by the same rules, and IMHO are more focused on the dollar than for-profits.
Sun, 13 Jan 2013, 9:07am PST
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The "non-profit" HMO side of the Kaiser empire had "net income" over $1 billion in 2011. Being non-profit means they paid no tax on that net income. Meanwhile, the empire's for-profit corporate practice group does not disclose its profits, or its taxes either. And the "non-profit" Family Foundation (which operates as a marketing arm of the empire) is constantly producing "studies," sometimes in cooperation with AHIP (the lobby for for-profit insurers), showing that everyone should be required to sign up with them.
Mon, 14 Jan 2013, 12:48am PST
The "non-profit" HMO side of the Kaiser empire had "net income" over $1 billion in 2011. Being non-profit means they paid no tax on that net income.
At the same time, and along the lines of being non profit, these companies justify cutting costs by having fewer staff, or less qualified staff, like Nurses Assistants.
None of the non profit designation seems to be lowering the cost of Health Care, but I do see larger cash reserves for Insurance Companies, and Medical Facilities that have stocks.