Tuesday, February 14, 2012

St. Lukes Hospital, The Great Not For Profit Scam of the Century

Ranking near the top of all misleading titles, the Federal Reserve Bank is neither Federal nor does it have reserves. The name was designed to imply that it is operated by our government- which it is not- or we would certainly be entitled to audit it. The term reserve implies that the bank has dust covered trillions laying around just in case there is a bank run here or there. That also is complete bullshit.

Deserving a place in the misnomer hall of fame, comes the term "non-profit." Most Americans, when they see the term non profit, conjure up some thought of bell ringers outside of a Walmart store. Charities barely scraping by on subsistence wages, breaking even. That is also complete bullshit.

Here in Idaho we have the great St Lukes Hospitals. St Lukes calls themselves "non profit." St. Lukes has a hospital in Boise, a 16 million dollar hospital that was built for them by the rich and elite in Moonbat Valley, and they have opened up a hospital in Twin Falls the size of which can be seen by the naked eye from Jupiter. That thing is GINORMOUS.

All of this done of course, with non profit money. What does "not for profit" mean? It means simply that you must spend all of the money you make- rather than distributing it to shareholders. It is an I.R.S. term that allows "non profits" to make as much money as they want and not pay taxes. Non profits also get tremendous breaks on state and local taxes. In short, non profits are some of the most profitable companies on the face of the planet- because they do not pay taxes. Here is a slice from wiki:

United States

For a United States analysis of this issue, see 501(c) and United States Charitable Organization.
After a recognized type of legal entity has been formed at the state level, it is customary for the nonprofit organization to seek tax exempt status with respect to its income tax obligations. That is done typically by applying to the Internal Revenue Service (IRS), although statutory exemptions exist for limited types of nonprofit organizations. The IRS, after reviewing the application to ensure the organization meets the conditions to be recognized as a tax exempt organization (such as the purpose, limitations on spending, and internal safeguards for a charity), may issue an authorization letter to the nonprofit granting it tax exempt status for income tax payment, filing, and deductibility purposes. The exemption does not apply to other Federal taxes such as employment taxes. Additionally, a tax-exempt organization must pay federal tax on income that is unrelated to their exempt purpose.[21] Failure to maintain operations in conformity to the laws may result in an organization losing its tax exempt status.
Individual states and localities offer nonprofits exemptions from other taxes such as sales tax or property tax. Federal tax-exempt status does not guarantee exemption from state and local taxes, and vice versa. These exemptions generally have separate application processes and their requirements may differ from the IRS requirements. Furthermore, even a tax exempt organization may be required to file annual financial reports (IRS Form 990) at the state and federal level. A tax exempt organization's 990 forms are required to be made available for public scrutiny.

So the other day, my doctor (who works for St. Lukes) finally put her foot down and essentially ordered me to come in for an office visit or she refused to refill my prescriptions. I avoid doctor visits like the plague because they cost a gawd awful amount of money. But being a hostage means that I was held for ransom by St. Lukes. We chatted for ten minutes. She palpated  my midsection because I thought I might have a hernia. I then left her office. Yesterday, I got my ten minute bill from the great non profit hospital. One hundred and eighty five dollars. That is about 1100 dollars an hour.

Eleven hundred dollars an hour, tax free. Holy shit. I need a gig like that. One hour a week.

Now think about an army of not for profit hospitals, lawyers, and accountants poring over the Obamacare bill. Ready to exploit every possible loophole, gouge the living hell out of taxpayers at about the same time- 30 or 40 million formerly uninsured people show up for economically procrastinated health care needs.

We are going to get our asses kicked. In fact, if Obamacare stands the liberal scrutiny of the Supreme Court this spring, I believe it will absolutely bankrupt our country. Which I see as a good thing. We can finally put the last nails in our financial coffins and get on with rebuilding our country.

All that a non profit has to do is spend it's profits on itself. Something like 34% of all money burned up by non profit hospitals is spent on administrative costs alone. In that regard, U.S. hospitals are far and away the world leaders when it comes to wasting health care dollars on non health care costs.

Next time you hear the term, "non profit" think about huge organizations like the Mormon Church building marble shrines or hospitals building Taj Mahal sized structures. Think about giant organizations not only pillaging the hoi polloi, but doing it twice by avoiding any tax costs. Think about hospital administrators making hundreds of thousands and sometimes millions a year.

Think about a ten minute bill for 185 bucks and know that after Obamacare is in effect, it will most likely double. I can't wait until the government just takes every thing we earn.

Now if you'll excuse me I have to leave to go to my part time job that pays 9 bucks an hour. I have to work 25 hours net of taxes so that I can pay my 10 minute clinic visit.

4 comments:

Anonymous said...

Yo Brian,

I know that twin falls has a low cost clinic. They only do routine medical stuff and won't do things like stitches, fix bones, etc, as they are not equipped with the supply for trauma of any type.

I believe it is run by the county health clinic. Ours up here in the Panhandle only offers the low cost clinic one or two night a week. They charge a minimum of $1 up to about $15 tops. Yours might charge more/same/less.

Anyway, ours has the requirement of no insurance but they don't check if you do. They also take your income stated and you don't need any proof.

Use that for your routine medical needs. Your doc might even volunteer there. It's all volunteers running the joint except for the coordinator as far as I know.

Give your county health clinic a jingle and ask them. They also have a low/no cost medication program you might use.

Brian said...

Thanks anonymous.

I'll do that. Anything is better than paying 1100.00 an hr...

republicanmother said...

The nonprofits in this country are the strings of the puppetmasters.

Why do you think that around 1910, JP Morgan, Rockefeller and the boys set up nonprofits with mission statements like "to benefit mankinds?"

To funnel all their dough in there to keep it hidden from us little people. The Ford Foundation, Rockefeller Foundation, and their spin-offs are responsible for all the liberal social engineering this country has endured for the last 80 years. All the liberal professors were funded with this nonprofit money. All the Women's Studies courses were funded with nonprofit money.

Who wrote the tax code? The very same banksters who set up nonprofits - it's so obvious when you look at all the pieces of the puzzle.

Anonymous said...

I love you for writing this! I can only say Amen.