Shocked. Shocked I say.
Went there twice because it’s the nearest, thinking the first poor experience was a fluke. Now I’d rather die on the drive to a better hospital.
To be fair though, this is a pervasive problem with nonprofits. While it wouldn’t help in this case, I recommend researching nonprofits through something like Charity Watch before donating.
Providence Health was officially dinged for this. The nonprofit aspect is such a joke.
The nonprofit requirement allows for feeding profits back into the institution. This can come in the form of investing in employees. Instead of investing in workers who directly impact patients by issuing bonuses, the CEOs get bonuses.
Instead of forgiving bills for the poorest patients, they offer payment plans instead.
It doesn’t matter how well you manage and save your money. In your geriatric years, those hospital CEOs will take it all.
For a rising number of people, death comes when you run out of money.
Taking all of someone’s money at the end of their life is a great way to prevent generational wealth from accumulating.
So the CEOs are going to be punished, right?
Absolutely! They’ll be punished with a golden parachute for such terrible PR.
this happens in hospice organizations also. the non profits pay themselves far more, and are fare more lax on wasting resources than for-profit companies who actually have to account for their behavior.
but you still get people who think non-profit == good peoples. no, just no.
Non-profit still means they can make a profit, they have the freedom to move the bar and give their executives extra pay while still technically not making extra money
right, which leads to negative outcomes for their patients. its anecdotal, but i have personally witnessed this in multiple states
Well regulated non-profits would be better than well regulated for profit, but in the current capitalist economies where both are undertegulated they end up being the same thing. Especially when all the big companies get tax breaks so they end up the same as a non-profit as far as taxes collected are concerned.
Those numbers are extremely strange 1-8 percent to charitable care for a non profit? Shouldn’t it be 65-75 percent? What am I missing that they are spending the vast majority of the funding on besides the ceo salary?
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501(c)(3) corporations need to have executive pay regulated in both absolute and relative (to median worker pay, as well as to the company’s overall revenue) terms
