Advocate Health Care is called among the nation’s high 5 large well being methods based mostly on high quality by Truven Analytics and is the biggest health system in Illinois. In January, 2015, we blogged about how the previous CEO of Cape Cod Healthcare had been accumulating severance pay for 3 years, totaling more than $3 million, after he abruptly left his and after being sanctioned by the state medical board for defective prescribing abusable psychoactive medicine (which he allegedly took himself) ; and it was revealed that there were concerns about financial mismanagement on the health care system which he previously ran.
This ignored the arguments going back to the work of Kenneth Arrow that health care cannot be a really perfect market (see this publish ), and all the data suggesting that in the last 20-30 years, when the market fundamentalists grew to become so influential in US well being care, prices have risen continuously and shortly with out commensurate positive aspects in access or quality.
In summary, regardless of monetary stress causing recurring deficits, and resulting in layoffs, service reductions and merger discussions, the CEO of a single hospital health system in a small town in Georgia recently had a base wage exceeding $300,000, obtained retirement benefits at the least value about forty% of his wage, and additional perks corresponding to country club dues.
Although Canadians may complain about some points of our healthcare reminiscent of lengthy waits for specialists or nonurgent medical procedures we’ve an important system that not only works for almost all of the overall inhabitants but in addition for these with preexisting health conditions and humorous enough Americans residing in Canada.