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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Mary Cluney who wrote (130331)	2/6/2010 1:10:51 PM
From: Lane3	Read Replies (1) \| Respond to of 541961

IMO, for example, only about 50% of money spent on health care actually goes directly into health care - and that would include overhead. Mary, overhead is not profit. Overhead is an element. Competition is an element. Profit is an element. My objection is you're conflating profit and all sorts of other stuff. If you want to argue overhead, by all means do so. Just don't frame it as profit because they are two different things. Similarly, wrt healthcare, we do not actually know the amount of money that is actually spent or wasted on chasing that 3% profit (eg marketing, sales, executive pay, bonuses, overhead, inefficient and redundant proprietary systems needed to generate the 3% profit, intangible waste, on and on,,etc). Not-for-profits have overhead, marketing, executive pay, bonuses, etc, etc. The only thing on your list they don't have is profit. That's not analysis. That's mush.