Sunday, July 26, 2009

Anything Goes for Profit?

I recommend that after you read my last post about not worrying about putting "healthcare providers" out of business, you check Bill Maher's discussion on

Monday, July 20, 2009

At the Center of the Healthcare Battle

What's at the basis of the health-care battle? It has become crystal clear that those intoxicated by greed do all they can to get their hands on more money. Universal healthcare means less money for private healthcare providers because a government-run program does not have to support an incredible load of pay going to executives nor does it have to pay out profits to investors. It would mean an extreme threat to corporations that take as much profit as they can by giving as little health care as possible for the fees and premiums they take in.

Healthcare costs have increased because hospitals and health insurance companies that existed to keep people alive and healthy have now became little more than a means of making money for corporate profiteers. When privatizers took over non-profit hospitals and insurance companies, they channeled cash to investors and corporate officers by cutting operating funds to doctors and nurses, eliminating necessary procedures whenever possible, and raising insurance premiums and fees to patients. Money that was used to heal the sick in non-profit systems, was now put into the pockets of corporate executives and profit-hungry investors.

True, non-profits have administrative structures in which those who are higher on the administrative scale get paid more. But for the most part, those on top of the ladder don't get the obscenely high salaries and bonuses customary in the corporate world. Instead, compensation with non-profits is roughly similar to that of the civil service system where those on top primarily get paid in accordance to a scale based on greater expertise and/or more experience. The civil service system is proof that managers who don't get outlandish compensations accomplish far more than those in for-profit corporations. Looking at the overall picture, corporate health-care executive pay is an unnecessary overhead, and eliminating it will benefit the essential components of health care, doctors, nurses, technicians and above all, the patients.