07-15-2007, 01:04 PM
What's strange, aline is hospital profits.. We hear a constant strain of complaints from hospitals, however it does not take much research to uncover their profit records. While many who work in the industry say they are over worked it's no doubt true. However hospitals not only get tax benefits from not-for profit and Non profit corporation entities, their end of the year profit and loss statements reveal surprising profits!
I was especially surprised of the St. Johns in my mainland town.. After years of commercial advertisements and programs where this hospital is continuously asking for donations and the like. Telling of how they badly need money to continue helping the community..
Their profit and loss statement reveled tremendous expenses, major improvements. However this corporation claims to be helping the needy.. In that year they had spent some 60K helping the needy, or paying, lost or unrecoverable dept for those who could not pay.
YET, their profits, you know monies left over after everybody got their far share of the cuts? Moreover cash in the bank? Profits were $120,000,000. 120 million in profits!! 120 mil. in tax free tax exempt under the guise of a catholic church, 'St. John's' free and clear..
It's like those who will their estate, and many people do this, donated cash or their time as volunteers were suckers!
I never knew this until a friend of mine got a sever sinus infection, had a hole drilled in his eye socket to relieve the pressure of fluids, and stayed one night.. He got a bill for 22k. Was so irritated for his one hours worth of attention, checked this hospitals statements..
What's the cost for having a baby these days? a otherwise perfectly natural human occurrence?? something we been doing for millions of years? 15-30-120 thousand dollars?? My neighbor across the street had a premy for 140k.
WHEW!!! It's beyond reasonable and profits like that (after doctors get their cut, after board of directors get theirs) should be, would otherwise be criminal..
I was especially surprised of the St. Johns in my mainland town.. After years of commercial advertisements and programs where this hospital is continuously asking for donations and the like. Telling of how they badly need money to continue helping the community..
Their profit and loss statement reveled tremendous expenses, major improvements. However this corporation claims to be helping the needy.. In that year they had spent some 60K helping the needy, or paying, lost or unrecoverable dept for those who could not pay.
YET, their profits, you know monies left over after everybody got their far share of the cuts? Moreover cash in the bank? Profits were $120,000,000. 120 million in profits!! 120 mil. in tax free tax exempt under the guise of a catholic church, 'St. John's' free and clear..
It's like those who will their estate, and many people do this, donated cash or their time as volunteers were suckers!
I never knew this until a friend of mine got a sever sinus infection, had a hole drilled in his eye socket to relieve the pressure of fluids, and stayed one night.. He got a bill for 22k. Was so irritated for his one hours worth of attention, checked this hospitals statements..
What's the cost for having a baby these days? a otherwise perfectly natural human occurrence?? something we been doing for millions of years? 15-30-120 thousand dollars?? My neighbor across the street had a premy for 140k.
WHEW!!! It's beyond reasonable and profits like that (after doctors get their cut, after board of directors get theirs) should be, would otherwise be criminal..