Hospital staff costs alone are not what drives pharma or health insurance prices up
Yes it does. If the staff cost more; they have to charge more to even break even. That’s simple logic.
You think wages don’t drive cost of healthcare ?
Hospital staff costs alone are not what drives pharma or health insurance prices up
Yes it does. If the staff cost more; they have to charge more to even break even. That’s simple logic.
You think wages don’t drive cost of healthcare ?
BobaFuttbucker@reddthat.com 5 months ago
beckershospitalreview.com/…/11-highest-paid-ceos-…
Look at all the profits made in the healthcare industry. That can only be done by making so much money you have at least this much left after paying your staff and expenses.
wintermute_oregon@lemm.ee 5 months ago
Why are so focused on ceo pay when it’s a drop in the bucket. The first cite has nothing to do with profits.
2nd cite I pay walled.
BobaFuttbucker@reddthat.com 5 months ago
I focused on CEO pay to refute your argument that IS Healthcare is so overpriced because of staffing.
If that were true the CEO wouldn’t be making roughly 200 times the salary of their average employee and could easily mitigate the problem with less bonus/stock options (which are typically the bulk of their compensation).
Not sure why you’re having issues with the second article. I can get to it just fine with an adblocker and reader mode but you can still get the code argument from the URL and title themselves:
wintermute_oregon@lemm.ee 5 months ago
It doesn’t refute that at all. CEO pay is a fraction of total cost. It isn’t the reason why cost are going up and it’s illogical to come to that conciliation. United health group is an insurance provider. You’re confusing health insurance with medical care. Health insurance does not provide care. They pay the bills.
Their revenue was 370 billion. 22 billion is about 8% profit which is slim.