Kiki Cannoli
Have you met my shadow?
Our hospitals don't 'make a profit', quite the opposite. The Church itself meets the shortfall in funding.... $5.7 billion a year. You wanna start picking up that tab?
How about for the schooling we provide - and pay for?
How about our social programs? You gonna pay for those too?
Fucking billions more in taxes - and you can't collect from us... we're a Church.
CG of course Catholic Hospitals make profits, yes it is a difficult feat. It is challenging as the operating margin average for hospitals is 2.6 - 4%. These earnings are funneled back into the business to purchase assets. The assets may not be skimmed and invested into external investments.
I had already posted this, but needs repeating. This healthcare system has left the church because it has determined it can provide more care to more people while paying taxes absent the Catholic diocese.
Catholic Healthcare West becomes Dignity Health
This 5.7 billion dollar number you refer to is charitable services. I am saddened to hear that Christians would stop offering their services to sick and weary.
No it isn't. That $5.7 is what the Catholic Church donates from its own funds (ie from Catholics) to keep its hospitals running.
That does not take into account our charitable services.... that's billions more. And schools, a few more billion.
Interesting because according to the United Stated Conference of Catholic Bishops, the number represents donated services.
At Providence, founded at the behest of President Lincoln by the Daughters of Charity, administrators provided $17.3 million in uncompensated care to the poor the same year. Catholic hospitals respect the life of everyone, from the newly conceived to those fading into the eternal light. Quality care trumps a patient's financial status, race or religion. In the U.S., one out of every six patients needing a hospital admission goes to a Catholic hospital. These hospitals cost about $84.6 billion to run, including at least $5.7 billion worth of donated services.
Which is fantastic and not to be disregarded. But these are not direct dollars funded by the church.
USCCB - Health Care Reform - Commentary
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