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Tuesday, June 09, 2020

Hospitals Got Bailouts and Furloughed Thousands While Paying C.E.O.s Millions

Dozens of top recipients of government aid have laid off, furloughed or cut the pay of tens of thousands of employees.

HCA Healthcare is one of the world’s wealthiest hospital chains. It earned more than $7 billion in profits over the past two years. It is worth $36 billion. It paid its chief executive $26 million in 2019.

But as the coronavirus swept the country, employees at HCA repeatedly complained that the company was not providing adequate protective gear to nurses, medical technicians and cleaning staff. Last month, HCA executives warned that they would lay off thousands of nurses if they didn’t agree to wage freezes and other concessions.

A few weeks earlier, HCA had received about $1 billion in bailout funds from the federal government, part of an effort to stabilize hospitals during the pandemic.

HCA is among a long list of deep-pocketed health care companies that have received billions of dollars in taxpayer funds but are laying off or cutting the pay of tens of thousands of doctors, nurses and lower-paid workers. Many have continued to pay their top executives millions, although some executives have taken modest pay cuts.

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6 comments:

  1. A revolution would fix that.

    ReplyDelete
    Replies
    1. Who's revolution cause there is one happening right now?

      Delete
  2. Steven E. Leonard, President/CEO Designate at PRMC makes an annual salary of $750,000. What do you think about that? Bailouts and nonprofits. What a good life!

    ReplyDelete
  3. 6;38... you think what's going on now is a revolution???

    LOL!!

    THIS rioting and burning neighborhoods is, IN NO WAY, a revolution.

    Keep that sh** in the cities and you'll be okay. Bring your revolution to my (or many others) neighborhood and your revolution will end like a candle dunked in water.

    I don't call 911. I don't call the police. Neither do very many of my friends. But we stay ready for things.

    Come and get some.....

    ReplyDelete
  4. Leonard also gets lots of other perks. Typical hypocrite as well.

    ReplyDelete
  5. Make them Pay it ALL Back !!!
    We working class needed that damn $$$$ & Govt pisses it away to the
    Big Boys like them , who have No business getting OUR $$$$$ !!!!

    Govt wants to Cut our $$$ off now , as soon as they can , yet they give
    Millions to these damn places !!!!

    ReplyDelete

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