Health Insurance

[blake5676]

Originally Posted by Chief Roundup

I am curious about how many people know that a large majority of hospitals are completely tax-exempt and not for profit.

Honestly, what does that really even mean these days? I obviously know that it technically means they're not paying SALT, but the non-profit hospitals still have insane expenditures and aren't having to be as cost conscious as the for profit hospitals. BOTH have tens of millions of dollars in salaries getting paid to administrators and boards and business analysts etc.

I don't think there's an appreciable difference in quality of care received at one type vs the other. But saying a hospital is non-profit certainly doesn't mean they're running tight margins bc they don't bring in much money.

[Chief Roundup]

Originally Posted by blake5676

Honestly, what does that really even mean these days? I obviously know that it technically means they're not paying SALT, but the non-profit hospitals still have insane expenditures and aren't having to be as cost conscious as the for profit hospitals. BOTH have tens of millions of dollars in salaries getting paid to administrators and boards and business analysts etc.

I don't think there's an appreciable difference in quality of care received at one type vs the other. But saying a hospital is non-profit certainly doesn't mean they're running tight margins bc they don't bring in much money.

No, what it means is that they get even more tax advantages.
All businesses have to be making money. If they do not then they would not be able to give raise increases, expand their business or even purchase new equipment.

Someone back in the comments hit the proverbial nail on the head the government mandates. Anything used in the medical field is extremely more costly than it would be for any other business.
The other part of those mandates is that they are required because of some hospitals, Dr., nurses, or staff members doing something unethical that resulted in harm to an individual. Those things happen far too often because of the drive to make or remain profitable.

[penguinz]

Originally Posted by Chief Roundup

I am curious about how many people know that a large majority of hospitals are completely tax-exempt and not for profit.

This is quickly going the other direction. More and more are for profit and the big ones are buying others.

[Chief Roundup]

Originally Posted by penguinz

This is quickly going the other direction. More and more are for profit and the big ones are buying others.

As of January 2024 64% of all hospitals are not for profit. These businesses are not going to give up those advantages.