Town Square

Stanford to cut striking nurses' pay, health care benefits

Original post made on Apr 18, 2022

Stanford Health Care and Lucile Packard Children's Hospital administrators have announced they will cut off health insurance benefits to striking nurses and their families as well as pay.

Read the full story here Web Link posted Monday, April 18, 2022, 10:16 AM


Posted by Waldo
a resident of Waverly Park
on Apr 18, 2022 at 3:03 pm

Waldo is a registered user.

According to the article...
"the hospitals reported that their joint operating surplus increased by $676 million in 2021"

$676M divided by 5,000 nurses = $135K per nurse. It seems the hospitals are more than able to meet the nurses' seemingly reasonable demands.

Posted by SalsaMusic
a resident of Cuesta Park
on Apr 18, 2022 at 7:58 pm

SalsaMusic is a registered user.

Until I tell you that $420mm of Stanford revenues were COVID grants that will dry up. So you’re left with $200mm on $6 billion of revenue which is not a big cushion when their costs go up 3-5% a year.