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Profit Vs Not for profit companies in healthcare – A comparative study

Posted by Darshan Gandhi, M.D., M.B.A. 12/05/2016

Profit Vs Not for profit companies in healthcare – A comparative study
The United States is now faced by several formidable and overwhelming economic challenges least of which appears to be the fragmented healthcare system. Spending twice as much per capita on healthcare as compared to other developed countries, U.S still ends up with worse care and poorer health conditions. American enterprises are also spending way too much on healthcare than their adversaries internationally, making them less competitive in an economic world. Unless a superior healthcare system is evolved, the nation would face bankruptcy. At the bottom of this inefficient and expensive U.S healthcare structure is the “for-profit” system, where the healthcare conglomerates have the freedom and incentive to charge higher premiums at their will, while simultaneously exploiting the system. They also do not provide as many patient services as required by them, nor do they provide the services to those found to be needy (nonprofit patients) in the community. “Spend less and Charge more” – this seems to be the order of the day for these commercial establishments. This does nothing for the “Obamacare” goal of providing uniform healthcare to all Americans.
 

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