Health Insurance

[BigRedChief]

Having profit in healthcare is the demon in all this. It should not be a business.

Somehow, someway we should figure out how to deliver healthcare to all of us without the government involved and profit not being involved. There has to be a way. We need some out of the box thinking.

[Chief Roundup]

Originally Posted by BigRedChief

Having profit in healthcare is the demon in all this. It should not be a business.

Somehow, someway we should figure out how to deliver healthcare to all of us without the government involved and profit not being involved. There has to be a way. We need some out of the box thinking.

I am curious about how many people know that a large majority of hospitals are completely tax-exempt and not for profit.

[blake5676]

Originally Posted by Chief Roundup

I am curious about how many people know that a large majority of hospitals are completely tax-exempt and not for profit.

Honestly, what does that really even mean these days? I obviously know that it technically means they're not paying SALT, but the non-profit hospitals still have insane expenditures and aren't having to be as cost conscious as the for profit hospitals. BOTH have tens of millions of dollars in salaries getting paid to administrators and boards and business analysts etc.

I don't think there's an appreciable difference in quality of care received at one type vs the other. But saying a hospital is non-profit certainly doesn't mean they're running tight margins bc they don't bring in much money.

[Chief Roundup]

Originally Posted by blake5676

Honestly, what does that really even mean these days? I obviously know that it technically means they're not paying SALT, but the non-profit hospitals still have insane expenditures and aren't having to be as cost conscious as the for profit hospitals. BOTH have tens of millions of dollars in salaries getting paid to administrators and boards and business analysts etc.

I don't think there's an appreciable difference in quality of care received at one type vs the other. But saying a hospital is non-profit certainly doesn't mean they're running tight margins bc they don't bring in much money.

No, what it means is that they get even more tax advantages.
All businesses have to be making money. If they do not then they would not be able to give raise increases, expand their business or even purchase new equipment.

Someone back in the comments hit the proverbial nail on the head the government mandates. Anything used in the medical field is extremely more costly than it would be for any other business.
The other part of those mandates is that they are required because of some hospitals, Dr., nurses, or staff members doing something unethical that resulted in harm to an individual. Those things happen far too often because of the drive to make or remain profitable.

[penguinz]

Originally Posted by Chief Roundup

I am curious about how many people know that a large majority of hospitals are completely tax-exempt and not for profit.

This is quickly going the other direction. More and more are for profit and the big ones are buying others.

[Chief Roundup]

Originally Posted by penguinz

This is quickly going the other direction. More and more are for profit and the big ones are buying others.

As of January 2024 64% of all hospitals are not for profit. These businesses are not going to give up those advantages.

[Buehler445]

Originally Posted by notorious

If people had to pay outside of work they would shit their pants.


46 non smoker married to a 42 female with great tits non-smoker. Healthy, I've been to the doctor one time in 20 years to get a thumb stitched up.

1400/month. Small business owner.

This, right here, is why the wife won't ever quit working. It's just not feasible. Even her having to pull out almost a large for the family plan coverage.

Originally Posted by notorious

Healthcare.gov saves a lot of money with subsidies if Uncle Sam thinks that you don't make much.

I'm going to leave it at that.

There are some real gotchas that can happen here. I did taxes for a dude that had picked up a policy on the marketplace, got a big subsidy, paid the premiums all is well. Right? RIGHT? Well, he had mis-estimated his income by a bit - I don't remember how - doesn't matter. Did the return, entered the shit, well, the IRS said he undrestated his earnings, the subsidy will be substantially less, and you have to pay the difference with the return (and there might have been a penalty I don't remember). So he owed a pile of cash, and obviously if he was getting a subsidy, he was low income, so my guess is it was a substantial hardship for him.

Originally Posted by KCUnited

SOCIAL INFLATION

It's a thing. In Kansas they pulled removed the cap for pain and suffering on a liability claim, so the shitheel lawyers of the world have come out of the woodwork to plaster ads all over everything. Barf.