Generic_Username28 t1_jaezkll wrote

A resident starts at $62k annually at UPMC. They are protected from working more than 80 hours averaged over a 4 week period*. If a resident were to work 80 hrs per week, they make $14.90/hour. I can think of a lot of jobs I'd rather do for $15/hr.

Regarding their ability to get a 6 figure career after graduating, is that really all that impressive? I think anyone who has an undergrad degree, a 4 year graduate degree (med school) , and 3-4 years of an apprenticeship (internship), and possibly a second internship (fellowship) would expect to be reasonably well compensated. Most first year attendings have 200k in student loans and at 30-something are earning real money for the first time.

*I might have that slightly wrong, but I'm pretty close. Feel free to correct me.


Generic_Username28 t1_iwlqjoc wrote

Reply to comment by pittbiomed in upmc by Safe-Pop2076

All good. I've always wondered why UPMC faces the brunt of the internet hate. Beyond a few differences (upmc is mostly provider with a small piece in insurance and Highmark is opposite) there isn't a big difference between the two. Only major issue I have with UPMC is how they played chicken with Highmark insurance and the Children's hospital.


Generic_Username28 t1_iwljh4c wrote

Reply to comment by pittbiomed in upmc by Safe-Pop2076

I assume you mean the Highmark CEO. There is no way any executive at AHN makes that much.

Regarding CEO pay at non profits like UPMC and Highmark, I'm conflicted. Each of these companies generate ~$25 billion in revenue per year. This is more than McDonald's ($23.2B). The CEO of McDonalds makes $20m per year. The UPMC ($10.4m) and Highmark ($8.6m) CEOs make significantly less (plus no stock options). If we want the best talent at these companies, shouldn't their wages be comparable to other industries?

The other question is whether $8.6m is a reasonable amount for any CEO to make let alone $20m. Rising executive pay is concerning to say the least, but it helps to have some context within the world of executive pay.


Generic_Username28 t1_iwlbo9k wrote

Reply to comment by ShuinoZiryu in upmc by Safe-Pop2076

All else being equal (e.g., dependents, both W2s not independent contractors), their tax rate probably went up slightly. At $40/hr, they'd be in the 22% bracket with a effective rate of 17% and at $85/hr they'd be in the 32% bracket with an effective rate of 21%. This assumes they are working 2,080 hours in a year and ignores all other tax factors.

That's only federal taxes, but if someone wanted to double my wages for a 4% tax hike, sign me the fuck up.