Where Are Your Medicare Dollars Taking a Vacation?
By Mathew Keller, RN JD
Regulatory and Policy Nursing Specialist
Despite all of its bad deals and big debts, Allina Health is still making piles of money. As this space detailed back in June, Allina has made more than $1.3 billion dollars in net revenue over the past 6 years for which financial disclosures are available. That’s after expenses, including salaries, $23.9 million in executive pay, millions to buy out McDonalds’ lease, $60 million lost on bad loans, and so on.
While Allina is a not-for-profit company, it still has to pay taxes on things like capital gains.
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