Saturday, March 27, 2010
The Healthcare question
While listening to a news report about how the governments plans to put a cap on CEO salaries in the financial industry, a thought slipped into my head. Many of the top CEO salaries (greater than 1 million annual plus bonus) goes to hospital and healthcare system CEOs. Now, let me think about the American healthcare crisis and attempt at reform. In Florida, there are over 200 hospitals. Now, if each CEO in those hospital's made 1 million dollars last year, that would be $200,000,000.00. That's a lot of zeros. Each of those hospitals accepts federal funding in the form of Medicare and Medicaid reimbursement. What if every hospital CEO had his salary capped at $500,000.00? That would save the federal government $100,000,000.00 in Florida alone. There are 50 states in the USA. Imagine if every state could save the federal government $100,000,000.00 each year by just capping the CEO salary? Well thoses hospitals also have CFOs and COOs and CNOs, etc.... many making in excess of $500,000.00 per year. What if we capped their salaries at $350,000.00. Think $50,000,000,000.00 (that's a lot more zeros) annually. How much healthcare do you think we could provide to American's with than many zeros? Just a thought.
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