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Is this a problem with anything big? The rich just keep getting richer.
Wealthiest Hospitals Got Billions in Bailout for Struggling Health Providers
Twenty large chains received more than $5 billion in federal grants
even while sitting on more than $100 billion in cash.
By Jesse Drucker, Jessica Silver-Greenberg and Sarah Kliff
So far, the riches are flowing in large part to hospitals that had already built up deep financial reserves to help them withstand an economic storm. Smaller, poorer hospitals are receiving tiny amounts of federal aid by comparison.
Is this a problem with anything big? The rich just keep getting richer.
Wealthiest Hospitals Got Billions in Bailout for Struggling Health Providers
Twenty large chains received more than $5 billion in federal grants
even while sitting on more than $100 billion in cash.
By Jesse Drucker, Jessica Silver-Greenberg and Sarah Kliff
So far, the riches are flowing in large part to hospitals that had already built up deep financial reserves to help them withstand an economic storm. Smaller, poorer hospitals are receiving tiny amounts of federal aid by comparison.
Healthcare in this country is the biggest sham in the entire world. It is the ONLY service where you can't get the cost or a list of charges up front. People in offices across the country or the world sit and barter for how much you will pay AFTER you have left the hospital for days, weeks, and even months.
And you don't get just one bill, you get multiple. You pay one in full, then here comes one for another $200.
Took my son in to urgent care for a busted lip. Doctor took 10 minutes to look at it. Said it will heal on it's own. We go home.
Got a bill for $500 WITH insurance working at a Fortune 100 company.
Anyone who roots for the little guy, would like to see the headline, "Smaller healthcare providers get billions and huge chains get the short end of the tongue depressor." And, who isn't somewhat outraged by the enormous, seemingly imbalanced cost of healthcare services?
But, as was the case in 2008, did we really expect the smaller banks to get the big bailout dollars ... and the 'too big to fail chains' to get a poke in the eye? Don't the largest hospitals and financial institutions, employ the most people and also have the greatest expenses and losses in a crisis? And, is the fact that these huge chains have money invested ... really relevant when it comes to how much they lost due to COVID-19?
My point is, I've learned to view a lot of these "Outrage of the Day" newspaper headlines or lead media stories as hyperbole ... rather than truthful, fact-based reporting that presents a fair and balanced view. It's worth noting that these articles ignored how much these large hospital chains LOST due to COVID-19 ... in their rush to scream that they seemed to receive a disproportionate bailout amount.
OTOH, as soon as I hear about "trillions in bailouts," I instinctively knew that the politicians and big business interests would likely skim more than half off-the-top - for their own interests! Of course, they knew it too!
Regardless of who got what, the simple historical fact is that throwing money at problems, only seems to solve fewer problems .... than throwing MORE money at them!
I don't know whether this hospital bailout thing is fair and equitable or not. I suspect not. But, it does seem that the big bank/financial institutions that were bailed-out in 2008 ... DID seem to pay the money back.
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