Steven Brill’s Recommendation: Cap CEOs to 60 times Lowest Paid Physician
Two of his suggested regulations would require that every market have at least two provider-insurer health systems and that operating profits be capped at 8 percent. Mr. Wood pointed out that UPMC’s operating margin was 1.7 percent in fiscal 2014 and 1.3 percent in 2013.
Another proposed regulation would cap a CEO’s salary at 60 times the lowest-paid physician. In that scenario, Mr. Brill writes, Mr. Romoff’s salary would be capped at just over $3 million, which would put him more in line with his counterparts at the Cleveland Clinic in Ohio and Geisinger Health System in Central Pennsylvania. Mr. Romoff’s total compensation for fiscal 2013 was $6.55 million.