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Jimmy Steel • 2 years ago

I would'nt believe any of that hospitals in the last two months of budget year spend all the left over money just like the DOJ.

BelmontRose • 2 years ago

Why don't the CEOs / CFOs voluntarily reduce their outrageous compensation / retirement packages? The productivity of nurses and physicians is already better than workers in many other industries. You cannot reduce hourly wages of workers. Many can already make much better salaries outside of healthcare with less stress and fewer work-related injuries. Salary reductions will prompt many more than the predicted 25% to 30% + to leave the healthcare industry. If you lay off or terminate workers many will not come back. The ramification of those "strategies" is the continued exit of workers, including nurses and doctors from healthcare.

Lois Cordle • 2 years ago

The CEO of State Farm Insurance made 20 million dollars in 2020.

Elizabeth Smith • 2 years ago

100% agree. Why is the CEO Banner Health paid $21M/year to run a nonprofit hospital system? In reality the massive cost of mergers, employing doctors who generate less revenue than their total compensation packages, etc., is a significant factor. And guess who gave many hospital leaders the idea to create this mess? You guessed it, Kaufman Hall, KPMG, etc. I guess their clients are getting pissed that all this bad, very expensive, advice has come back to bite them in the butt. Many nonprofits have billions socked away in their foundations so it’s time they pay for the mess they’ve created. COVID or not, this was going to happen.