More than 75,000 Kaiser workers go on strike in clash with over wages

Re:More than 75,000 Kaiser workers go on strike in clash wit... by lotsofpulp on Friday October 06, 2023 @04:09PM (#37795661)

> The math of health providers is always super sketchy, because they 'donate' their emergency service to the indigent at a non-discounted rate and deduct that from their profits.

This makes no sense. If they are the healthcare provider, then services provided to the indigent go in the expenses column, and revenue is in the revenue column.

And you cannot “deduct” anything from profit, it is literally all revenues minus all expenses. And also Kaiser is a non profit.

[ Parent | on HN ]

Re:More than 75,000 Kaiser workers go on strike in clash wit... by nwiswell on Friday October 06, 2023 @04:38PM (#37796071)

Just because Kaiser is one parent entity doesn't mean there isn't a wholly owned "insurance" entity and a "provider" entity.

I'm no expert but in that case I imagine it would be fully GAAP for the provider entity to bill a non-discounted rate to the insurance entity, even though the insurance entity is recognizing no offsetting revenues because the person is question is not part of the insurance pool.

[ Parent | on HN ]

Re:More than 75,000 Kaiser workers go on strike in clash wit... by boeingUH60 on Friday October 06, 2023 @04:12PM (#37795703)

Cue armchair accountants on HN..

[ Parent | on HN ]