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Politics : Formerly About Advanced Micro Devices
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To: J_F_Shepard who wrote (1011959)4/18/2017 4:18:37 PM
From: POKERSAM  Read Replies (1) of 1573881
 
See my last post. What is the problem? What do you not understand.
My last hospital bill was 94K, the insurance company per their contract paid 14K and I paid $250.00.
If I was a wealthy self pay the bill to me would have been 94K.
If I meet the poverty guidelines my medicaid would pay per the contract of what they allow and the hospital would write off the rest.
If I am disabled I have Social Security and Medicaid if I meet the qualifications of ownership.
If I had no insurance and am poor but not in poverty a financial counselor at the hospital would help me get available charity money, set me up on a payment plan for the amount I am charged etc.
In the end of the year the hospital comes out ahead after all money that is collectable is in and all donations are added and the cost of providing service is deducted.
Being a non profit hospital the money that they have left must be spent on salaries etc., more and better equipment and better facilities and expansion. Some goes to research etc but it cannot be given to share holders because there are no shareholders. A non profit cannot make a profit.
This is a simplistic answer but maybe that is what it has to be for some to understand it.
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