Both Sides Pour Millions Of Dollars Into Fight Over Ballot Initiative Capping Dialysis Clinic Profits
Unions support the measure because they say it would force clinics to put money into staff pay and training, but the industry argues that the language is too specific, leaving managerial staff salaries out of the group of expenses that could be counted as reasonable spending.
More Than $40 Million Raised For Fight Over California Dialysis Profits And Patients
Dialysis clinics and unions have reported collecting more than $40 million for a fight over Proposition 8, a statewide ballot measure that would limit profits for dialysis companies. The proposition [caps] dialysis clinic profits at 15 percent and would require the clinics who have higher profit margins to pay rebates to insurance companies or face fines. The clinics would also need to annually report financial information such as costs, revenue and patient charges to the state. (Chen, 8/30)