3 ms·
And how much of that is "profit"?
by jonah 13y ago
And how much of that is "profit"?
- beagle3 13y agoAmortized over the uninsured people who don't eventually pay list price, and the insured people whose insurance only pays 20% of the list price? (oh, and over the billing department that is 10 to 100 times bigger than it is anywhere else in the world) - not much profit.
- jonah 13y agoI did a quick look following your response. It seems that many hospital's profits aren't terribly bad. "Forbes found 24 hospitals with more than 200 beds make 25 cents or more for every dollar of patient revenue they take in." http://thehill.com/blogs/healthwatch/corporate-news/116745-hospital-profits-raise-eyebrows-as-medical-costs-continue-to-soar http://thehill.com/blogs/healthwatch/corporate-news/116745-h... http://www.forbes.com/2010/08/30/profitable-hospitals-hca-healthcare-business-mayo-clinic_slide.html http://www.forbes.com/2010/08/30/profitable-hospitals-hca-he... Bloomberg ran a lengthy story on how hospital consolidations are running up prices for all manner of procedures. http://www.bloomberg.com/news/2010-08-20/hospital-monopolies-ruin-mri-bill-as-sutter-gets-price-it-wants.html http://www.bloomberg.com/news/2010-08-20/hospital-monopolies...