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No, GP said that hospitals should not be run as a busniess. Non-profit status is just another way to structure a business and, in practice, those hospitals extr
by rurp 2y ago
No, GP said that hospitals should not be run as a busniess. Non-profit status is just another way to structure a business and, in practice, those hospitals extract a similar amount of money from patients as similar for-profit hospitals.
- briffle 2y agoMy local 'non-profit' hospital is one of the most expensive in the state, and has a total monopoly over its area. It paid cash for a $140m new tower right as covid started, and complained loudly about losing $13m one year and having to lay off staff, and not having money to pay nurses more, while sitting on a $1B 'rainy day fund'.