re: Medical PPE Manufacturer is setting up production in Louisiana

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For being a non profit Ochsner sure likes to make a lot of money

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You should likely stick to medicine

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Seems like really bad timing. Developing when demand is waning

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Sounds like an idea that's a year too late. Supply has an over-run and the demand is down considerably.

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You should likely stick to medicine

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Uhh ohhh is that a sore subject Warner?

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Just as a CPA , when people hit me with the "geEz ThEY MAkE lOTS oF MoNEy fOR a NoNProFIt", it makes my ears bleed like people who are pissed they got a bonus because of "nOW I dONt MakE AS MUCH beCAuSE Im TaXEd MoRE!"

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Huh?

Well let me tell you what makes my ears bleed. When I hear Ochsner is a “non-profit” hospital consuming every local hospital, private practice, and rehab center in sight so that they can build a regional monopoly on healthcare.

Which is fine if that is their goal, but why are they tax exempt? The stated goal of a non profit hospital is to provide free care and community outreach. What does buying hospitals have to do with that?

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Huh?

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Dont know how to make it more clear. The goals of non-profits are absolutely still to make money, and lots of it. Unfortunately, that is damn near impossible in the hospital arena thanks to Medicaid and the aging population leaving private going to Medicare

Its damn near impossible to make it as a stand alone hospital anymore

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Ochsner seems to be doing well

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What about Ochsner and it’s system of 6 plus’s hospitals makes you think it’s a standalone hospital? this entire state basically only survives on systems. Ochsner, LCMC, Franciscan,etc

and you might want to go look up the financials of the hospitals they purchase, and then guess how many years those hospitals had left....You either adapt right now as a health system and venture out, or dig your own grave like Kodak

And once again, the goal of non-profits is still to make a ton of profit

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All I’m saying is what they are doing is not what “non-profit” tax exempt status was meant for

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And since I like you I’m trying to nicely tell you that you have no clue what you are talking about.

Making huge profits and trying to make huge profits was never something to be frowned upon for non profits

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You aren’t denying what I’m saying, so what exactly am I wrong about?

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You are wrong about the idea they “aren’t doing what non-profits are for”

Tax exempt status is based on the government deeming certain entities tax exempt as they see fit for the good of the public.

As long as your activity is deemed as part of your tax exempt status, you aren’t taxed. It’s that simple. Making profits or striving to make profits has nothing to do with it. There are activities Ochsner does that they do pay taxes on because it isn’t deemed as part of their tax exempt status

Now you may not like the law, and I can understand that

The "nonprofit" medical facilities typically make a lot more profit than the "profit" facilities. They don't have to pay property taxes and have a few more advantages than the profits. The most stressful job I've ever had was going from 20 years with the "profits" to the "non-profits" - the waste and throwing money away is just ludicrous.