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submitted 5 months ago by return2ozma@lemmy.world to c/news@lemmy.world
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[-] PriorityMotif@lemmy.world 40 points 5 months ago

Most of these hospitals are non-profit. They just funnel all the money into for profit companies and management salaries.

[-] john89@lemmy.ca 7 points 5 months ago

Profit can always be distorted based on how much you're paying your employees.

[-] HeyThisIsntTheYMCA@lemmy.world 5 points 5 months ago

I ran the books for a law firm for I don't know how many years. They had a profit larger than $500 one year, and that was by choice. We put all the profits in salaries every year. For smaller businesses it's pretty easy. Larger companies it's harder but doable, you just have to be right on top of your bookkeeping.

[-] homesnatch@lemm.ee 5 points 5 months ago

There's no issue with this because it gets taxed either way.. all of the employees pay tax on the additional income probably at about the same rate as the company would have.

For a hospital on the other hand, they're just increasing costs of Healthcare.

this post was submitted on 07 May 2024
431 points (97.6% liked)

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