THE JOYS OF NON-PROFITS
Amusing article today in the NY Observer on the more frivolous side of the non-profit world.
As for non-profit healthcare, I agree w/ Sea Lord's general take. Note, however, that abolishing the "Net Income" line from the financial statement does not reduce the voracity of the pigs at the trough. Kaiser's last CEO made $2.2 mm in 2000, and, if memory serves, considerably more in prior years. He was praised for making the non-profit HMO more "bottom-line oriented."
My advice to investors in for-profit healthcare providers is to study carefully the history of the following companies: Columbia/HCA, Tenet, Medicis, and Healthsouth. If you still want to buy one, lie down until the feeling goes away.
posted by Anonymous at 11:35 AM
1 Comments:
In the Northwest, Premera Blue Cross - or at least elements of its administration - is driving hard to become for-profit. Hearings are happening now in Washington and Alaska, and area hospitals have already joined to oppose it. The claim is that paient/customer service will improve.
Mermaid crap.
Indications are even before the changes are approved, certain patients are being dumped. This arrogance has been noticed and it might just kill the deal.
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