High_Order1 Wrote:The same applies to hospitals.
I find it disingenuous. It sounds like they aren't making a profit. Technically that may be true in a sense, but most boards of nonprofits don't seem to be taking vows of poverty, either...
It gets worse. You can apply this to big HMO groups that own everything.
Let me give you one of the worst examples: Kaiser Permanente, which is the University of Phoenix equivalent quality in healthcare
the physician group is for-profit
the hospital group is non-profit
the insurance group is non-profit
Kaiser claims it is non-profit, but that's pretty much fiction.
In order for the physician group to maximize profit, they cut costs in everything else including patient care, jack up the premiums, and collect federal subsidies including ACA and Medicare. They are a leading ACO, which is actually bad news for patients. If you're with Kaiser, I would suggest you never get sick and don't get sucked in by the convenience of Kaiser's pharmacy, doc, and labs all at the same place. McDonald's is convenient too, but it's also just as bad for your health as Kaiser. Kaiser makes a ton of money at your expense.
TESU BA CS and Math (graduated December 2016)