My thinking on that was: A “yes” vote supports requiring dialysis clinics to issue refunds to patients or patients’ payers for revenue above 115 percent of the costs of direct patient care and healthcare improvements.
This would result in increase in costs to increase profits. Sounds bad long term.
Need to do it to all the companies. Profit above 15% should be disallowed for Apple, Google, Genentech and Gilead.
Abolish profit should be the next step.
How do you increase your cost if profit margin is restrained? CEO and owner might increase their bonus and salary, and increase employee salary and benefit to make profit below 15%.
Stanford hospital is a non-profit so their profit is zero. But it’s still the most expensive hospital in the world. What a dumb proposition 8?! I did not bother to read
Prop 8 is more of Union play by the Clinic employees to force better employee pay and less profit to the owner. I don’t know whether it’ll reduce cost.
If this is really profitable, I am interested in opening a dialysis clinic. Need to research whether I am eligible
I think the idea was to force the dialysis agencies to reinvest the money into better equipment. Sorry but it ain’t going to work that way. It’ll be salary for the executives…
I still feel like even if it would make a decent law (and I’m dubious on that–better to mandate that the equipment be less than 5 years old), it doesn’t seem an appropriate issue for a ballot.
Taxes and legislator salary increases seem like more appropriate topics for a binding ballot measure…at best.
That is what IRS wants I charges you for doing your household chores, you charges me for doing my household chores. Government is also happy because we would have increased GDP
Then get another prop 8 next time to have a upper bound and lower bound for pay. Every worker makes between 50k and 120k. All the excess pay will be taxed at 100%.