Providence Health was officially dinged for this. The nonprofit aspect is such a joke.
The nonprofit requirement allows for feeding profits back into the institution. This can come in the form of investing in employees. Instead of investing in workers who directly impact patients by issuing bonuses, the CEOs get bonuses.
Instead of forgiving bills for the poorest patients, they offer payment plans instead.
It doesn’t matter how well you manage and save your money. In your geriatric years, those hospital CEOs will take it all.
Sounds about right. I know of a current strike where workers are asking nearly 25%.
This hike in living expenses needs wages to catch up since no one seems willing to roll back to normal on “supply chain” hikes during COVID.