Letter: Outrageous salary
Re “Hospital names new CEO” (Monitor front page, Oct. 3):
I read with interest the article on the replacement for Concord Hospital CEO Michael Green – especially the fact the his compensation for last year was more than $800,000. I find this to be outrageous for a nonprofit hospital that receives substantial tax breaks because of this status.
It was especially upsetting considering Green’s recent statements concerning the hospital’s refusal to join the network for policies sold on the new heath insurance marketplace. As a self-employed individual who will lose access to my doctor of 30 years because of this decision, I am shocked that one individual earns so much in compensation, especially considering that this is New Hampshire and not Boston or New York City.
Even if Green is considered an excellent CEO, the amount of compensation is not proportional to the alleged goals of a nonprofit hospital. It is no wonder why the medical system in the United States is the most expensive in the world and that the U.S. leads the developed countries in the number of uninsured individuals. How this type of compensation can be justified is beyond my comprehension. Hopefully the new CEO who has a background in community health will revisit the decision to keep Concord Hospital network out of the insurance exchange. Medial services should be about making sure that all Americans can access health care when they need it and not about paying the CEO of a nonprofit hospital compensation that cannot be justified.