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Only 18% of our hospitals are for profit. Half the major clinics are nonprofit and third of the nursing homes are nonprofit. Compared to most industries, there is no profit motive in the healthcare which is the way it should be. Insurance companies are still mostly for profit.I thought you mean BC/BS in general, not simply Michigan. My bad.Blue Cross Blue Shield of Michigan is a nonprofit corporation and an independent licensee of the Blue Cross and Blue Shield Association.
So what's your point? Michigan sucks? Wow big news flash there.
Insurance companies are still mostly for profit.
The thing is it's easy to play the "nonproft" game and yet profit. For example:Only 18% of our hospitals are for profit. Half the major clinics are nonprofit and third of the nursing homes are nonprofit. Compared to most industries, there is no profit motive in the healthcare which is the way it should be. Insurance companies are still mostly for profit.
The thing is it's easy to play the "nonproft" game and yet profit. For example:Only 18% of our hospitals are for profit. Half the major clinics are nonprofit and third of the nursing homes are nonprofit. Compared to most industries, there is no profit motive in the healthcare which is the way it should be. Insurance companies are still mostly for profit.
Dan Loepp's total compensation as Blue Cross CEO jumped to $2.75 million in 2010 | Crain's Detroit Business
Quite a bit of money for someone leading a "nonprofit" organization, don't you think? Yeah the company doesn't profit, just the people working there do
The thing is it's easy to play the "nonproft" game and yet profit. For example:Only 18% of our hospitals are for profit. Half the major clinics are nonprofit and third of the nursing homes are nonprofit. Compared to most industries, there is no profit motive in the healthcare which is the way it should be. Insurance companies are still mostly for profit.
Dan Loepp's total compensation as Blue Cross CEO jumped to $2.75 million in 2010 | Crain's Detroit Business
Quite a bit of money for someone leading a "nonprofit" organization, don't you think? Yeah the company doesn't profit, just the people working there do
No. The issue seems to be that people like you think, no profit = small salaries. That simply isn't the case.
lol - thank goodness, the wingnut cat fight begins (again)
The left sucks! No wait the right sucks! Bush! Obama! Tea Party! There's my opinion and the wrong one! My side is always right! Yours is always wrong! blah! etc! blah!
Technically there is no profit. Salaries can be high, but that's not the norm. United Healthcare which is for profit pays their CEO over 100 million.The thing is it's easy to play the "nonproft" game and yet profit. For example:Only 18% of our hospitals are for profit. Half the major clinics are nonprofit and third of the nursing homes are nonprofit. Compared to most industries, there is no profit motive in the healthcare which is the way it should be. Insurance companies are still mostly for profit.
Dan Loepp's total compensation as Blue Cross CEO jumped to $2.75 million in 2010 | Crain's Detroit Business
Quite a bit of money for someone leading a "nonprofit" organization, don't you think? Yeah the company doesn't profit, just the people working there do
But it is not the topic. If you're not intelligent enough to grasp a topic and reply with anything more than mindless inflammatory dribblings most 10 year olds would roll their eyes at, why not try remedial kindergarten?democracy is debate.
What would normally be called profit, the difference between revenue and expenses is called a surplus. A surplus can be used for salaries, expansion, or retained to for preservation of the organization. Ownership is a usually a trust, foundation, or nonprofit corporation. There is no stock and no dividends. Where a board of directions in for-profit corporation will push management to maximize profits, the Board of a nononprofit is likely to push management to maximize service. In other words the goal of a nonprofit is service not profits.Your said it yourself - technically there is no profit. But that's all it is, a technicality and legal-eze BS. That's my point.
the Board of a nononprofit is likely to push management to maximize service. In other words the goal of a nonprofit is service not profits.
I totally disagree for two reasons. First a nonprofit can not produce a profit by definition. Secondly, a nonprofit health provider such as a hospital may add services with no expectation of increasing revenue. Our local hospital installed a half million dollars in air handling filtration to help prevent the spread of air borne diseases. I seriously doubt that it will add a dimes worth of revenue, but it will make the hospital a little safer for the patients. That's the difference in a for profit and nonprofit. The motive of a for- profit is to increase profits which may or may not increase service. The opposite is true for nonprofit.the Board of a nononprofit is likely to push management to maximize service. In other words the goal of a nonprofit is service not profits.
actually you can't maximize service without tons of profit. How could MacDonalds, for example, service billions of people all over the world without tons and tones of profits to open up all those restaurants and hire all those people?
See why we are positive a liberal will have a low IQ? Sorry but what other conclusion is possible? Should we have a non-profit economy so people will be service oriented rather than evil Republican profit seekers!!
I totally disagree for two reasons. First a nonprofit can not produce a profit by definition. Secondly, a nonprofit health provider such as a hospital may add services with no expectation of increasing revenue. Our local hospital installed a half million dollars in air handling filtration to help prevent the spread of air borne diseases. I seriously doubt that it will add a dimes worth of revenue, but it will make the hospital a little safer for the patients. That's the difference in a for profit and nonprofit. The motive of a for- profit is to increase profits which may or may not increase service. The opposite is true for nonprofit.the Board of a nononprofit is likely to push management to maximize service. In other words the goal of a nonprofit is service not profits.
actually you can't maximize service without tons of profit. How could MacDonalds, for example, service billions of people all over the world without tons and tones of profits to open up all those restaurants and hire all those people?
See why we are positive a liberal will have a low IQ? Sorry but what other conclusion is possible? Should we have a non-profit economy so people will be service oriented rather than evil Republican profit seekers!!
Of course not. Most non profits have revenues that exceed their expenses and thus have a surplus. That surplus can not returned to owners. It must be used to improve, expand the service or retained. Since the owners which are usually a not for profit corporation or a trust do not receive dividends or any capital gains, their is no pressure from owners to increase profits because there are none. The purpose of the nonprofit is to maximize service and minimize cost which may or not increase surplus.I totally disagree for two reasons. First a nonprofit can not produce a profit by definition. Secondly, a nonprofit health provider such as a hospital may add services with no expectation of increasing revenue. Our local hospital installed a half million dollars in air handling filtration to help prevent the spread of air borne diseases. I seriously doubt that it will add a dimes worth of revenue, but it will make the hospital a little safer for the patients. That's the difference in a for profit and nonprofit. The motive of a for- profit is to increase profits which may or may not increase service. The opposite is true for nonprofit.actually you can't maximize service without tons of profit. How could MacDonalds, for example, service billions of people all over the world without tons and tones of profits to open up all those restaurants and hire all those people?
See why we are positive a liberal will have a low IQ? Sorry but what other conclusion is possible? Should we have a non-profit economy so people will be service oriented rather than evil Republican profit seekers!!
Just because a business calls itself a non-profit doesn't mean it can prevent itself from making more than it expends. You really think every non-profit organization takes a loss every year or figures happens to have it work out that they break exactly even every year?
I totally disagree for two reasons. First a nonprofit can not produce a profit by definition.
Secondly, a nonprofit health provider such as a hospital may add services with no expectation of increasing revenue.
Our local hospital installed a half million dollars in air handling filtration to help prevent the spread of air borne diseases. I seriously doubt that it will add a dimes worth of revenue, but it will make the hospital a little safer for the patients. That's the difference in a for profit and nonprofit. The motive of a for- profit is to increase profits which may or may not increase service. The opposite is true for nonprofit.
Of course not. Most non profits have revenues that exceed their expenses and thus have a surplus. That surplus can not returned to owners. It must be used to improve, expand the service or retained. Since the owners which are usually a not for profit corporation or a trust do not receive dividends or any capital gains, their is no pressure from owners to increase profits because there are none. The purpose of the nonprofit is to maximize service and minimize cost which may or not increase surplus.