this post was submitted on 06 Sep 2023
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Where is all the money going healthcare? I went to urgent care and was given ibuprofen for a herniated disc. I waited hours and the doctor spent 2 minutes with me before running back out. Was charged like $600. Who got that money if not the doctors and nurses? Even with overhead they were churning people.
Bonus question: where is all the money going in education? I’m passing $1200 for a physics class off 300 and the PhD student running it makes $28k/yr
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.