By: Hospitals are becoming part of the problem « Moneyed Politicians

Hospitals are becoming part of the problem « Moneyed Politicians — Sun, 17 Aug 2008 22:00:47 +0000

[...] Once hospitals become for-profits, providing patient care is a “cost” coming off the bottom line. Where before they’d charge $100 and provide $90 in care, now they can cut their costs so $20 goes to the shareholders instead of $10 going to surplus for future spending. They do this by reducing nurse-to-patient ratios, using older technology while charging for new technology, etc.. In the process the CEO salaries and wealth escalate out of sight. [...]

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By: Hospitals are becoming part of the problem « Moneyed Politicians