- cross-posted to:
- [email protected]
You must log in or # to comment.
Where is all the money going healthcare? I went to urgent care and was given ibuprofen for a herniated disc. I waited hours and the doctor spent 2 minutes with me before running back out. Was charged like $600. Who got that money if not the doctors and nurses? Even with overhead they were churning people.
Bonus question: where is all the money going in education? I’m passing $1200 for a physics class off 300 and the PhD student running it makes $28k/yr
The workers don’t see that money, their owners do. and the shareholders see some of it sometimes.
But hospitals are normally owned by educational institutions or non-profits. Both of my sisters work for non-profit hospitals in a mid-sized city and both of those hospitals are in the top 5 biggest in that city (alongside the university’s hospital, a religious hospital, and a for profit one).
Pretty much all major educational institutions are government owned.
Most hospitals are not teaching hospitals and nonprofit hospital’s primary goal is to expand until they’re no longer profitable in order to justify greater C-suite expenses. Teaching hospitals have similar perverse incentives.
Non profit just means there aren’t shareholders making bank, the c suits and board members are still getting 1/4 milli+ for one yearly meeting and free private jet flights to events. The company doesn’t make money but the leaders still do.