The crazy thing is for all the money that pours into to system, the ones that have the best parking spots and the nicest cars are the 9-5 non-clinical personnel. If we did away with all the non-essential, profit-driven “business” side of the industry and paid the people actually putting in the clinical work, the consumer would pay much less and there wouldn’t be this issue of profitability vs what’s best for the patient (which is always at odds).I think we can all agree that the medical industry is raping our asses for as much as they can. Everyone has a story about how they were ripped off by doctors or insurance companies or drug companies.
You really are a jealous bitter person lol. And are you suggesting that physicians and nurses are not paid well?The crazy thing is for all the money that pours into to system, the ones that have the best parking spots and the nicest cars are the 9-5 non-clinical personnel. If we did away with all the non-essential, profit-driven “business” side of the industry and paid the people actually putting in the clinical work, the consumer would pay much less and there wouldn’t be this issue of profitability vs what’s best for the patient (which is always at odds).
The crazy thing is for all the money that pours into to system, the ones that have the best parking spots and the nicest cars are the 9-5 non-clinical personnel. If we did away with all the non-essential, profit-driven “business” side of the industry and paid the people actually putting in the clinical work, the consumer would pay much less and there wouldn’t be this issue of profitability vs what’s best for the patient (which is always at odds).
Everything is about money. Nobody GAS about costs.
The crazy thing is for all the money that pours into to system, the ones that have the best parking spots and the nicest cars are the 9-5 non-clinical personnel. If we did away with all the non-essential, profit-driven “business” side of the industry and paid the people actually putting in the clinical work, the consumer would pay much less and there wouldn’t be this issue of profitability vs what’s best for the patient (which is always at odds).
I'd flip that around for a hospital - for them everything is about costs and if they can't generate enough revenue they are SOL. If they don't attract enough patients with premium insurance to cover the patients with Medicare/Medicaid then they will not survive. With each new set of government regulations, costs grow along with costs of compliance.
1st, not-for-profit means basically nothing in this country, it’s mostly a tax shelter like churches use. The largest employer in the my state is UPMC (University of Pittsburgh medical branch) and they are technically non-profit… it’s a sham.even not-for-profits need some non-clinical to navigate the maze of regulations and billing issues among other things (medical error, HR, etc). Likewise, even not-for-profits have to manage payer-mix in order to have inflows exceed outflows. No margin; no mission.
profit seeking is NOT always at odds with the best interest of the patient
What’s for damn sure not going to help is letting the government take it over and administer it. I think you’re an M4A advocate and attacking for profit fits that view. No damn way the government could even match the horrible efficiency we get today out of the current network.An unchecked system steeped in huge profit margins on the backs of sick people isn’t either.
Yes but if the government ran it then all funds would be returned to the tax payers with zero net profit and thus the costs would go down while maintaining the same quality of service… right?Median health insurance companies profit margins is about 3%
Median hospital profit margins in 2020 was around 2.5%
Irrelevant. Margins are always weighed by % as that’s the only way to scale up or down in size when comparing businesses. And I’d probably run like hell from a business with razor thin margins like that in almost any market other than healthcare. People are always gonna get sick though. Especially last year and with Uncle Sam picking up the tab on COVID I’d guess hospitals did just fine.We can all agree, I believe, that 2020 isn’t a great measuring stick for any business, especially hospitals. Even so, what’s the dollar amount on those numbers?
It was a 56% decline from 2019. So those booming mid 3% margins. In 2018 operating profit was lower then 2020. It's like when posters say if the ceo of McDonlads took a pay cut he could pay his employees more. Sure. A couple cents more.We can all agree, I believe, that 2020 isn’t a great measuring stick for any business, especially hospitals. Even so, what’s the dollar amount on those numbers?
An interesting deflection away from overly burdening Americans on paying for healthcare they don’t want or need which is what louder is pointing to
Lulz. So emotional. I’ll admit I pay a crap ton for healthcare and I pay considerably more now than I did five years ago for the same level of access and use so yeah you’re damn sure I want to reverse my costs. What idiot wouldn’t want to do that FFS? … oh …Everyone wants Healthcare and no one needs it, until they need it. Just admit you're in it for yourself and that the less fortunate can f*** themselves. America being "great" is just a catchphrase for you guys, you have no real interest in making a sacrifice for others.
Sounds like I am proposing ideas you are too lazy to bother to understand in favor of the failed familiar that will work this time if we just believe hard enough.