Re:Why doctors in America earn so much
by s1artibartfast on Wednesday November 01, 2023 @08:14PM
(#38107225)
Of course their revenue is relevant? IF they can stack 2 billion per year onto their endowment every year, they could spend 200 million on residents.
That is my specific proposal. If they refuse to raise prices, grow the endowment by 200 million less per year and provide the same services. Essentially grow their stock portfolio a little more slowly. It is bad enough that a non-profit charges 20% more than the cost of their services. They would be fine if they were only making 18% more than their costs.
It is basicity the same as if Harvard college claimed it cant afford to train teachers aids while charging students more than enough to cover expenses and sitting on a 50 billion endowment that grows ever larger each year.
That is my specific proposal. If they refuse to raise prices, grow the endowment by 200 million less per year and provide the same services. Essentially grow their stock portfolio a little more slowly. It is bad enough that a non-profit charges 20% more than the cost of their services. They would be fine if they were only making 18% more than their costs.
It is basicity the same as if Harvard college claimed it cant afford to train teachers aids while charging students more than enough to cover expenses and sitting on a 50 billion endowment that grows ever larger each year.