Healthcare Compensation Still Strong
New survey results from Executive Compensation 2010/2011 show that hospital CEOs earn an average $353,900 per year, (CEOs at not-for-profits average $225,400; at home care facilities, $282,300 a year; at physician clinics, $254,000; at behavioral health facilities, $241,300; and at long-term care facilities, $235,700.
These executives, physicians, and skilled clinicians undoubtedly would make a strong argument that they deserve the salaries they're getting. Besides, it's what the market is paying, and it's hard to blame anyone for earning as much money as he or she can.
However, let's put this in perspective. According to the U.S. Census Bureau, 4.1% of U.S. households had an income between $150,000 and $200,000 in 2009, and 3.9% had an income of $200,000 or higher, while 11% of U.S. households earn between $15,000 to $25,000 annually. The median household income in the U.S. that year was $50,221.
I threw this in the 'contrarian economics' category because it has the 2009 income data. Sphere: Related Content
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