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I googled and was surprised to see just how much more doctors are paid in USA- about 2x as much as western european doctors... https://www.advisory.com/en/daily

• huitzitziltzin 5y ago
  Most large hospitals are not publicly traded. The money is not going to rich stockholders because they don’t have any. Many, for example, are large academic medical centers attached to universities. Also: most large hospitals are technically “nonprofit”. Most of the money there goes to salaries for hospital employees, including well paid administrators. As I note elsewhere in a reply to another comment: it is an ongoing open research question whether “nonprofit” and for profit hospitals actually do anything different. My strong sense (indicated by my “”!) is that the answer is no! They are equally rapacious.
  • conanbatt 5y ago
    The fact that the majority of hospitals are non-profit is part of the racket. The money goes to the hospital administration instead of stockholders. That doesn't make it any better.
    • huitzitziltzin 5y ago
      No it isn’t better. It just means that money is not going to “rich stockholders” as the parent asserts.