I just watched the 60mins story on the increase in healthcare costs in Northern California and learnt that Sutter Health makes big $$$$. They are a non-profit hospital. Does anyone know who gets their excess cash. website not clear on that.
The state accused Sutter of using its "windfall" from its "excessive pricing" to finance the acquisition of new hospitals and physicians groups. And to pay its outgoing CEO $13 million in 2016, and a year later, paid its new CEO $6 million. It galls Hillary Ronen that Sutter is a not-for-profit company, meaning legally it pays no taxes even though it earned $13 billion in revenue last year. Transcript: https://www.cbsnews.com/amp/news/california-sutter-health-hospital-chain-high-prices-lawsuit-60-minutes-2020-12-13/
Ha, doctors don't get paid shit? What are you smoking?
Paying execs and administrators?
^ this plus advertising
Wouldn’t that be included in their net income figure? The reports out there are talking about hundreds of millions in quarterly profit.