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Non Profit Health Care, and Insurance, are driving the prices Up.
2012 Dec 23, 5:20am 2,114 views 3 comments
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David Losh
@
2013 Jan 14, 12:48am
David Losh
@
2013 Jan 14, 12:48am
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.
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One of the first things you learn when working for a non-profit is that you need to spend as much as you take in, and maybe a bit more.
If you don't spend the money, your budget may be cut, your department's budget may be cut.
Every time I see an all granite entry way to a hospital I think about the non profit status. Salaries may be inflated, new equipment is constantly needed, but when you look at staffing there are always budget cuts to pay for the things that bring in more revenue.