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largegarlic wrote:I don't know about the legalities, but I heard a segment on NPR a couple weeks ago about the causes of high health care costs, and a big reason they pointed to was the way these huge non-profit health systems operate. So, based on that report, I don't think it's a bad idea to make them pay some sort of taxes.
AlexPKeaton wrote:
Read this article and RAGE for hours.
http://www.time.com/time/magazine/artic ... 64,00.html
pfim wrote:When your CEO makes $6 million a year, it's tough to call yourself a non-profit with a straight face. Of course it's for profit, the profits are going to those in executive positions.
Legally? I don't really know. It's entirely distasteful, though.
Pitt87 wrote:pfim wrote:When your CEO makes $6 million a year, it's tough to call yourself a non-profit with a straight face. Of course it's for profit, the profits are going to those in executive positions.
Legally? I don't really know. It's entirely distasteful, though.
Goodwill's CEO makes $2.3 million...
When did it become cool for the Government to renege on promises they make in the interest of supporting the economics of the region? If UPMC loses non-profit status, what happens with Highmark? And WPAHS? And what about their affiliation with University of Pittsburgh and the medical breakthroughs that come from the grants they received?
This isn't as simple as a decision to make them 'pay their fair share'.
Shyster wrote:“Nonprofit” is somewhat of a misnomer. It does not mean that an entity is not permitted to run a profit or that it must spend any surplus of income over its expenses. It basically means that the company does not operate for the financial benefit of owners or shareholders. Those companies do not issue stock and do not pay dividends to any shareholders or owners.
pfim wrote:Pitt87 wrote:pfim wrote:When your CEO makes $6 million a year, it's tough to call yourself a non-profit with a straight face. Of course it's for profit, the profits are going to those in executive positions.
Legally? I don't really know. It's entirely distasteful, though.
Goodwill's CEO makes $2.3 million...
When did it become cool for the Government to renege on promises they make in the interest of supporting the economics of the region? If UPMC loses non-profit status, what happens with Highmark? And WPAHS? And what about their affiliation with University of Pittsburgh and the medical breakthroughs that come from the grants they received?
This isn't as simple as a decision to make them 'pay their fair share'.
Well, that's just not true. Goodwill's CEO, Jim Gibbons, makes about $780k per year. And I'm not sure how one not-for-profit's executive salaries justify another's.
The court will decided the "fair share" issue based on the precedent. But you can't tell me that his $6 million is justified ethically given the tax status of the business.
Certainly though, as you suggest, there are many more facets to this than executive pay.
AlexPKeaton wrote:The hammer needs to come down on the entire US health care industry. If you charge a penny more than Medicare prices, you are no longer non-profit. This industry is not free market in any stretch of the definition and needs regulated badly. If we only had a president with a mandate to fix this...
AlexPKeaton wrote:The hammer needs to come down on the entire US health care industry. If you charge a penny more than Medicare prices, you are no longer non-profit. This industry is not free market in any stretch of the definition and needs regulated badly. If we only had a president with a mandate to fix this...
Letang Is The Truth wrote:AlexPKeaton wrote:The hammer needs to come down on the entire US health care industry. If you charge a penny more than Medicare prices, you are no longer non-profit. This industry is not free market in any stretch of the definition and needs regulated badly. If we only had a president with a mandate to fix this...
Charges don't mean anything. Everything is based around the Medicare fee schedule anyways
pittsoccer33 wrote:Letang Is The Truth wrote:AlexPKeaton wrote:The hammer needs to come down on the entire US health care industry. If you charge a penny more than Medicare prices, you are no longer non-profit. This industry is not free market in any stretch of the definition and needs regulated badly. If we only had a president with a mandate to fix this...
Charges don't mean anything. Everything is based around the Medicare fee schedule anyways
And if it costs a hospital $1000 to provide service X, but Medicare is only going to pay $80
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