Another Hospital Feel-Good Moment

Everyone by now should know that the term “nonprofit” is a joke. It was the most brilliant diversion ever created to make people think you are doing good. You can read all the articles we posted about this in the past here. With that in mind, here comes another beauty:

RWJBarnabas Health, a large nonprofit chain in New Jersey, whose CEO made a whopping $17 million in 2021, while the hospital system only spent 1.65 percent of its nearly $6 billion in revenue on charity care.

RWJBarnabas Health is far from alone in having plump executive pay and slim charity care spending. A HELP committee staff report released earlier this month examined the financial data on 16 of the country’s largest nonprofit, tax-exempt hospital systems. The systems collectively make more than $3 billion in revenue each year, but in 2021, 12 of the 16 systems spent less than 2 percent of their revenue on charity care—even though, as nonprofits, they earn federal, state, and local tax exemptions for providing charity care to low-income people and other charitable community benefits. Of those 12 spending less than 2 percent, six of them spent less than 1 percent.

How disgusting and sad is this?

Remember, all this is happening as they cut nurse-to-patient ratios, replace doctors with nondoctors, and cut nonprofitable services at the hospitals.

Something has to give. Unfortunately, it won’t be them.

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