Nonprofit hospitals skimp on charity while CEOs reap millions, report finds
Nonprofit hospitals skimp on charity while CEOs reap millions, report finds
Nonprofit hospitals got $28 billion in tax breaks—which made up 44% of their net income.
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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.