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To: Leaning Right
This is a link to an article about Hospital CEO pay for 25 top grossing ‘not for profit’ hospitals.

http://www.beckershospitalreview.com/compensation-issues/ceo-compensation-of-the-25-top-grossing-non-profit-hospitals.html

This is just the tip of the iceberg, and for each one of these there are a ton of highly paid non-clinical bureaucrats beneath them. In any other industry faced with rising costs that consumers couldn't afford, there would be a move to decrease administrative costs. Not the case in medicine.

Here's another article about CEO pay at Children's hospitals.

http://www.beckershospitalreview.com/compensation-issues/health-affairs-childrens-hospital-ceo-pay-needs-more-accountability.html

I'm not saying that CEO pay is the major driver of health care expense, but I am saying that increased expense related to those who do not have a direct role in patient care is a problem, and it is growing.

23 posted on 08/22/2013 9:03:44 AM PDT by pieceofthepuzzle
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To: pieceofthepuzzle
I'm not saying that CEO pay is the major driver of health care expense...

The same thing is going on in private industry. Back in the 1950's top executive pay was something like 40 times the pay of the average worker.

Now top executive pay is well over 400 times the pay of the average worker. The Boards of Directors are allowing the top executives to literally loot the companies.

That's bad for business, bad for employee morale, and bad for the country. But hey, you gotta pay for top talent, the Board members say as they're off to another all-expenses-paid meeting in Hawaii.

26 posted on 08/22/2013 9:15:52 AM PDT by Leaning Right
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