Wry Catcher
Diamond Member
- Banned
- #701
"Founded in 1945, Kaiser Permanente is one of the nation’s largest not-for-profit health plans, serving approximately 9.5 million members, with headquarters in Oakland, Calif. It comprises": - See more at: Kaiser Permanente Share Fast Facts Fast Facts about Kaiser Permanente
Do you know the difference between a "for-profit" and a "not for profit", company? Forget the stated, ideologue difference... do you know what the practical functional, difference is?
Trick question. There is no difference. Not in practical functionality. The one structural difference, is that a not-for-profit company, can't have public shareholders. But beyond that, there is no real difference. Both have to have profit. Both have to sell goods, for a price, higher than their cost. Both have highly compensated executive staff.
Bernard J Tyson, CEO of Kaiser Permanente, collected $2.3 Million dollars in salary according to tax filings.
Seems rather familiar.
Econtalk, had an interview with the CEO of a non-profit hospital chain in the mid-west. The first thing the CEO said, was they have to make a 20% profit. It's not different than a for-profit company.
Again, the only structural difference is, non-profit companies can't have public shareholders. Meaning, that if they want to expand, they can't sell stock in the company, to raise capital, to expand. Instead, all the capital to expand, must come from the profits off of premium payers.
Not-for-profit, companies are not the socialist utopia that the left claims. Most are completely ignorant of how little difference there is.
Worse, Kaiser Permanente, is actually made up of dozens of separate 'for-profit' companies.
Gee, so it seems you equate KP with those hospitals who pay shareholders, thus are we to conclude my point was a distinction without a difference? Well, I don't.
KP isn't perfect, but it doesn't have death panels nor, given the post by boss, isn't "Marxist Socialism". Let's be clear, I used KP as an example, one which might work on an individual state level and even a national level - covering every citizen - but for the profit motive which governs health care in America
today.
That so many who post here equate pragmatic problem solving with Marxism is proof of at least two things: 1) the right wing is composed of parrots who have never thought panotically on this issue, and 2) greed and self serving individuals support & post the propaganda which inculcates parrots into voting against their own best interests.
A caveat to these points is a society which values universal (well most of us) voting rights needs to be informed and educated sufficiently to have a handle on issues as important as health care. I wonder how many know of and understand Chargemaster?