this post was submitted on 06 Sep 2023
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The workers don't see that money, their owners do. and the shareholders see some of it sometimes.
But hospitals are normally owned by educational institutions or non-profits. Both of my sisters work for non-profit hospitals in a mid-sized city and both of those hospitals are in the top 5 biggest in that city (alongside the university’s hospital, a religious hospital, and a for profit one).
Pretty much all major educational institutions are government owned.
Non profit just means there aren't shareholders making bank, the c suits and board members are still getting 1/4 milli+ for one yearly meeting and free private jet flights to events. The company doesn't make money but the leaders still do.
Most hospitals are not teaching hospitals and nonprofit hospital's primary goal is to expand until they're no longer profitable in order to justify greater C-suite expenses. Teaching hospitals have similar perverse incentives.