Honestly CEO pay is rarely that big of an issue when stretched out across all their employees.
The real problem is for-profit enterprises should have nothing to do with medical care.
I see this has a lot of back and forth, but you’re right. While ceo wages are high, the largest issue with wealth inequality goes beyond just wages (usually stock/ownership, etc.)
If you look, many CEOs don’t get most of their wealth from salary. It’s the same reason Trump was “willing” to take a $1 salary for president, the grift is happening elsewhere.
Exactly the grift/graft isn’t their pay necessarily.
What do you mean stretched out across all employees?
Lcmc is a “nonprofit” for tax related purposes and the CEO’s salary is $2.2M!
The two main hospital chains are oschner and LCMC.
As of a few years ago I remembered the oschner CEO salary being way smaller than lcmc’s CEO.
I just double checked and it looks like they had a leadership change 2 years ago and now oschner’s CEO makes even more than lcmc’s at $3.2M!
https://nonprofitlight.com/la/new-orleans/ochsner-health-system
Not only that, within oschner there are different CEOs across different campuses
https://news.ochsner.org/news-releases/david-callecod-named-ceo-of-ochsner-lsu-health
This is fucking insanity! It’s very much a problem. People talking about Medicaid Cuts and more efficiency, but yeah let’s have multiple CEOs for the same hospital within the same city.
The Louisiana department of health is blaming Medicaid being too expensive and unsustainable on patients being less healthy over recent years and requiring too much healthcare and doctors not wanting to take Medicaid patients because they get paid less.
Yet LCMC just got rid of several doctors who took Medicaid! Not a whole lot of logic there.
Is it really that people got less healthy over the last two years and required more care? Or is it that oschner changed leadership and tried to go for the corrupt model lcmc was already using and now it’s breaking the system.
Hospital expenses are mainly going into the pockets of CEOs that shouldn’t exist and this is being blamed on the doctors and patients.
We gotta make cuts, where do we start.
Hmm… Healthcare needs it’s CEOs that’s a given. No need to keep all those unnecessary doctors and patients around though
Ok Ochner has 32000 employees so 3,200,00/32000 =1000 tat’s a $0.50 per hour raise for every full time worker if the CEO wasn’t paid.
That’s what I mean. At larger scales it becomes even less money. By the time you get to huge employers like 7-11 it’s a few extra bucks a year.
I’m not saying we should be rasing pay for other employees at all. I’m saying the reason Medicaid is becoming unsustainable is because we have so many CEOs making insanely huge salaries like this.
The point of healthcare is to provide care to patients. Not to create hospital monopolies.
If Medicare is unsustainable that means healthcare cuts.
When you’re looking for where you should be making healthcare cuts what makes the most logical sense to you?
At least having a discussion about how these administrative salaries and positions are actually justified?
Or
•Slash and burn policy eliminating doctors that were already accepting Medicaid
•Reducing care offered to patients so that the patients will then indeed become less healthy, rely on emergency services and require more costly care in the long run
•Claiming Medicaid is unsustainable bc “no doctors want to accept Medicaid patients.”
If you abruptly eliminate all the doctors that do accept Medicaid and then claim you need to increase the Medicaid budget to incentivise doctors in order to get them to accept Medicaid patients, then yes, by default it becomes easy to make the argument that no doctors in your hospital “want to accept Medicaid.”
Medicaid is unsustainable because we do not permit them to negotiate pricing…The entirety of for profit medicine should be ended
So maybe we need some legislative action to push for caps on CEO salaries and number of CEO/administrative positions per hospital to receive any federal or state funding.
Why tf does one giant monopoly of hospitals need a CEO for each campus?!
Because you need one singular person signing off on decisions
The whole point of having a giant monopoly is that all hospitals are under the same control with the same policy and regulations.
This is not normal.