Abstract
Since we live in a healthcare system where someone else takes care of our healthcare dollars, the concept of good financial stewardship, and the duty to be fiscally responsible and accountable with limited healthcare money is supported by the ethical concept of justice. The balance of profit and social justice is a true dilemma, as health organizations must make money within the American free market system. However, a health organization’s financial statement is their ethics statement, as what they spend their money on displays what’s important to them, i.e. millions of dollars on executive compensation versus reduction of procedural costs that can ultimately reduce insurance and premiums costs that affect affordability, usage, and downstream prevention strategies. When everyone doesn’t get to share in the benefits of health profits, health equity is compromised. The Ethical Developmental Stage Theory notes that it is possible for people to not be able to make certain decisions because of their ethical maturity, providing an understanding as to why healthcare executives can take home salaries of multi-millions of dollars, yet healthcare is unaffordable for many, and for some inaccessible. This talk calls for a professional consideration of placing caps and limits on executive compensation as a form of public policy. The executive compensation problem within the healthcare industry is a true social justice dilemma.
Details
Presentation Type
Theme
Public Health Policies and Practices
KEYWORDS
Ethics, Responsibility, Compensation, Salary, Equity
Digital Media
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