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What about those that are non-profit? You can refuse to do business with for profit hospitals. Getting rid of the for profit does more harm than good, especiall

What about those that are non-profit? You can refuse to do business with for profit hospitals. Getting rid of the for profit does more harm than good, especially for underserved communities.

slickdork 5y ago
It should be easy to avoid for-profit hospitals as well, since non-profits out number them about 2:1 https://www.aha.org/statistics/fast-facts-us-hospitals https://www.aha.org/statistics/fast-facts-us-hospitals
boeingUH60 5y ago
There are many "non-profit" billion-dollar hospital chains in the US. A few examples; Ascension Health - $5.7bn net income on $27bn revenue in fiscal 2021 [1] Cleveland Clinic - $1.3bn net income on $6bn revenue in H1 2021 [2] Mayo Clinic - $728mn net income on $14bn revenue in 2020 [3] "Non-profit" doesn't mean they don't like profits just like corporations. It's a designation meaning no shareholders, as in money made by the organization stays within the organization. 1- https://www.fiercehealthcare.com/hospitals/ascension-latest-nonprofit-to-rebound-5-7b-net-income-for-2021 https://www.fiercehealthcare.com/hospitals/ascension-latest-... 2- https://www.beckershospitalreview.com/finance/cleveland-clinic-posts-1-3b-net-income-through-1st-half-of-2021.html https://www.beckershospitalreview.com/finance/cleveland-clin... 3 - https://www.beckershospitalreview.com/finance/cleveland-clinic-posts-1-3b-net-income-through-1st-half-of-2021.html https://www.beckershospitalreview.com/finance/cleveland-clin...
- throwawayboise 5y ago
  I like the term "not-for-profit" rather than "nonprofit" as I think it more accurately captures that the while the primary goal is not profit (unlike a traditional corporation), it does not mean that they don't make money. Pedantic, perhaps.
alisonkisk 5y ago
Falkon1313 5y ago
You don't get all that much choice in hospitals. In an emergency, you go to the nearest. Otherwise, you go to the one your insurance/doctor are affiliated with. Sure, some places have two (or more) hospitals in the region, but often there's only one and the choice is just go or don't go. It is one of those areas, like utilities, where it really is _not_ a free market.

What about those that are non-profit? You can refuse to do business with for profit hospitals. Getting rid of the for profit does more harm than good, especially for underserved communities.

slickdork 5y ago

It should be easy to avoid for-profit hospitals as well, since non-profits out number them about 2:1 https://www.aha.org/statistics/fast-facts-us-hospitals https://www.aha.org/statistics/fast-facts-us-hospitals

boeingUH60 5y ago

There are many "non-profit" billion-dollar hospital chains in the US. A few examples; Ascension Health - $5.7bn net income on $27bn revenue in fiscal 2021 [1] Cleveland Clinic - $1.3bn net income on $6bn revenue in H1 2021 [2] Mayo Clinic - $728mn net income on $14bn revenue in 2020 [3] "Non-profit" doesn't mean they don't like profits just like corporations. It's a designation meaning no shareholders, as in money made by the organization stays within the organization. 1- https://www.fiercehealthcare.com/hospitals/ascension-latest-nonprofit-to-rebound-5-7b-net-income-for-2021 https://www.fiercehealthcare.com/hospitals/ascension-latest-... 2- https://www.beckershospitalreview.com/finance/cleveland-clinic-posts-1-3b-net-income-through-1st-half-of-2021.html https://www.beckershospitalreview.com/finance/cleveland-clin... 3 - https://www.beckershospitalreview.com/finance/cleveland-clinic-posts-1-3b-net-income-through-1st-half-of-2021.html https://www.beckershospitalreview.com/finance/cleveland-clin...

throwawayboise 5y ago
I like the term "not-for-profit" rather than "nonprofit" as I think it more accurately captures that the while the primary goal is not profit (unlike a traditional corporation), it does not mean that they don't make money. Pedantic, perhaps.

alisonkisk 5y ago

Falkon1313 5y ago

You don't get all that much choice in hospitals. In an emergency, you go to the nearest. Otherwise, you go to the one your insurance/doctor are affiliated with. Sure, some places have two (or more) hospitals in the region, but often there's only one and the choice is just go or don't go. It is one of those areas, like utilities, where it really is _not_ a free market.