To follow up our blog yesterday, we are continuing the important conversation about “non-profit” hospitals. The moniker “non-profit” can sound confusing for some hospitals because you pay bills for their income and it is not relying mainly on donations as other non-profits, like charities, do. We now have groups who are keeping tabs on the income of the CEO’s of many charities, such as Goodwill and Salvation Army, so you know how your donated money is spent. Hopefully, hospitals will be made more transparent as well, so you can make your healthcare decisions with full disclosure about how your money is used. They aren’t always as innocent as non-profit charities, whose goal is to give back as much as possible. The Trump Administration passed a rule that went into effect Jan. 1, 2021 that hospitals must have price transparency. More information about where money at these non-profit hospitals is spent is needed. The Paragon Orthopedic Center blog has discussed how you can often save a lot of your hard earned money by using the surgery center instead of a hospital. When you have a choice about your healthcare, take the time to know for what you are paying.
Non-Profit Hospitals Are Making a Killing – Foundation for Economic Education (fee.org)
