There was an interesting article in Forbes this week concerning the CEO salaries of Big Pharma and other healthcare giants. According to the article, "There is no mistaking the fact that the sector with the highest market capitalization – pharmaceutical companies – also had the highest executive compensation. This sector also had the highest net profit margins (NPMs) of any healthcare sector and it could well be the highest NPMs for any industry including those outside of healthcare."
We aren't surprised.
DOJ Says Healthcare Fraud Costs Taxpayers Billions: Federal False Claims Act Statistics
Unfortunately, the healthcare industry also has the highest rates of fraud according to Justice Department statistics compiled under the U.S. Federal False Claims Act. Medicare fraud costs taxpayers billions of dollars every year. Is there a tie between huge executive salaries and greed? Absolutely....