7. Audrey Meyers, Valley Hospital: $2.2 million
By Susan K. Livio | NJ Advance Media for NJ.com
on September 22, 2016 at 7:15 AM, updated September 22, 2016 at 5:02 PM
TRENTON — Ask hospital leaders whether New Jersey’s nonprofit hospital CEOs earn too much money, and they will confidently say no. Their compensation packages are based on what other CEOs are making in a highly competitive market.
But a tax court judge last summer sharply disagreed with that assessment, describing this method of comparison as a “wholly self-serving” justification.
State Tax Court Judge Vito Bianco ruled Morristown Medical Center should lose its tax-exempt status — in part because of its parent company CEO’s $5 million-a-year pay package.
This is Obamacare’s fault. Before Obamacare, the health industry was honest and morally just. Health insurance companies were not profit motivated, because the mere idea of profit at a Health Insurance company would basically be a tax on the already frail micro-economy between patient and doctor, a tithe gleaned by an unnecessary third party in the collective patient-doctor transaction. And before Obamacare you would never see a “Non-Profit” CEO being paid $2.2M.
https://www.uta.edu/faculty/story/2311/Misc/2013,2,26,MedicalCostsDemandAndGreed.pdf
https://www.uta.edu/faculty/story/2311/Misc/2013,2,26,MedicalCostsDemandAndGreed.pdf