Word: for-profit
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...said that Zimmerman paid for her investment advice from the Institute for a Law Based Economy-Consulting, a for-profit subsidiary of HIID's Russia project...
...More than ever, we depend upon the nonprofit sector to address problems that government and for-profit institutions have found hard to solve," President Neil L. Rudenstine said in an interview on Wednesday. "Yet, for their powerful presence in our daily lives, nonprofit organizations--taken as a whole--have received little concentrated attention from our universities...
Insurers generally claim that medical-loss ratios have little meaning in themselves because of different accounting systems and are not an accurate guide to profits, which have actually been driven down lately by ruthless competition. Humana, one of the biggest for-profit HMOs, reported a drop in net income of nearly 94% for 1996 after some special charges...
That is no comfort to doctors and patients. For-profit plans are reacting to the recent slippage in net by negotiating huge mergers. Some analysts predict that the 30-odd managed-care insurers that compete today in California will be concentrated into seven to 10 by 2005. Such giant combines might be able to hike premiums while squeezing spending on patient care even tighter in an effort to rebuild their margins--and continuing to let their chief executives pile up personal fortunes in salary and stock. One survey found that the salaries of HMO chiefs averaged 62% higher than those...
...treatment managed-care patients are getting, have been especially active. Local 1199 of the National Health and Human Service Employees Union, whose members staff hospitals, clinics and doctors' offices in New York City, is starting its own health plan. The aim, says local president Dennis Rivera, is to "take for-profit out of the equation" and lower costs--not for care but for overhead and salaries. Eleanor Tilson, executive director of 1199's 320,000-member plan, makes $175,000 a year--peanuts compared with nearly any other HMO chief...