tag:blogger.com,1999:blog-32053362.post365473219353707873..comments2024-03-26T00:25:34.026-04:00Comments on Not Running a Hospital: Two heistsPaul Levyhttp://www.blogger.com/profile/17065446378970179507noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-32053362.post-68470448952731681802016-02-09T15:42:16.921-05:002016-02-09T15:42:16.921-05:00Tip of the 'non-profit' (aka tax exempt) h...Tip of the 'non-profit' (aka tax exempt) hospital industry writ large? These 'roll-ups' rationalized by at times marginal (at best) 990 community benefit/return reporting & essential positioning under the the 'new normal' of the ACA incentives represent a much deeper and widespread heist. Yet the consolidated (for price leveraging purposes vs. the use talking points) continues unabated (with a few DOJ/FTC exceptions).Gregg Mastershttp://www.acowatch.comnoreply@blogger.comtag:blogger.com,1999:blog-32053362.post-2530737334612466452014-06-27T10:07:13.744-04:002014-06-27T10:07:13.744-04:00Maybe PHS execs have the stolen Rembrandts?Maybe PHS execs have the stolen Rembrandts?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32053362.post-22749944608262677422014-06-22T21:53:06.758-04:002014-06-22T21:53:06.758-04:00Thanks for sharing this information.Thanks for sharing this information.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32053362.post-58384583273953194052014-06-22T13:40:01.395-04:002014-06-22T13:40:01.395-04:00I'd say you solved the second heist right ther...I'd say you solved the second heist right there. Your analysis fits right in -exactly- with the ideas expressed by David Stockman (The Great Deformation) and Joseph Stiglitz (The Price of Inequality) among others... I'm sure Partners gives great care, but they do it at an inflated price earned not in real market competition, but through proficient rent-seeking. Thomasnoreply@blogger.comtag:blogger.com,1999:blog-32053362.post-31415595044310323832014-06-20T15:45:37.207-04:002014-06-20T15:45:37.207-04:00Sad indeed. The H in healthcare = heist. One of th...Sad indeed. The H in healthcare = heist. One of the arguments for socializing healthcare socialized, like they have in Europe. The big money comes out of it. So, it is less of a profit making enterprise. And, innovation can still exist. The problem is that most people in this country have their blinkers on and are not willing to pay the necessary taxes to make this happen. <br /><br />Does some of what you write about explain why, when I go to some of the big research hospitals in the country, that they are over the top beautiful. Large vast buildings of stone, wood, and marble? <br /><br />Tell me it isn't so.<br /><br />Alexhttps://www.blogger.com/profile/06606960818342694273noreply@blogger.comtag:blogger.com,1999:blog-32053362.post-76065742127491547462014-06-20T15:35:47.621-04:002014-06-20T15:35:47.621-04:00The evidence that Partners offers 'great' ...The evidence that Partners offers 'great' medical care, at least compared to its high-class local competitors, is lacking. They should be ashamed that with all their extra money and resources, their care is not 3 times better than anyone else's,instead of par or below. <br /><br />Anon 10:05, no one is putting a price on a life - but if your own money in MA is going indirectly to Partners to spend 3x as much money to save your life as BID or others, as Paul has demonstrated, then you are not seeing your hard earned money used wisely.<br /><br />That is, if you do not work for Partners yourself, as reason for your comment.nonlocal MDnoreply@blogger.comtag:blogger.com,1999:blog-32053362.post-90896525580826448342014-06-20T14:24:03.978-04:002014-06-20T14:24:03.978-04:00It is an unfriendly system with unfriendly people ...It is an unfriendly system with unfriendly people in high and mid level positions that have forgotten what it means to be human and to treat its community with respect, despite the great medical care it offers. This culture is both condoned and perpetuated within its elitist walls. Perhaps the money it collected on the backs of us all, has clouded its leaders vision. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32053362.post-25299351430879951132014-06-20T10:16:12.384-04:002014-06-20T10:16:12.384-04:00We are all grateful for that, from Partners as wel...We are all grateful for that, from Partners as well as from the other hospitals and doctors in the region. Those folks are well intentioned and highly trained and committed.<br /><br />This post isn't about that. It is about the business enterprise that used its market power to extract too many dollars from our people and employers.<br /><br />It's all right to believe in both the dedication of the individual staff members while also understanding that the corporation abused its market power.Paul Levyhttps://www.blogger.com/profile/17065446378970179507noreply@blogger.comtag:blogger.com,1999:blog-32053362.post-18160804752167643512014-06-20T10:05:35.879-04:002014-06-20T10:05:35.879-04:00I am grateful for their first class medical care. ...I am grateful for their first class medical care. You shouldn't put a price on a life.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32053362.post-28191497271290529762014-06-20T08:06:01.688-04:002014-06-20T08:06:01.688-04:00This posting is an important contribution. It is b...This posting is an important contribution. It is brilliant.The question that you raise is chilling. Why do we as a community allow it?Gene Lindseynoreply@blogger.com