Report: Nonprofit hospitals’ net worth soars as does Americans’ health care costs

The average family in the U.S. pays nearly $20,000 in 2018 on insurance premiums, deductibles and out-of-pockets costs, a new report produced by OpenTheBooks.com found.

At the same time, salaries for administrators and executives at hospitals were as high as $21.6 million. Six CEO’s earned between $10 million and $21.6 million.

“Charitable hospitals and their CEO’s are getting richer, while the American people are getting healthcare poorer,” the Open the Books report says.

Of the 82 hospitals surveyed, only eight executives earned less than $1 million at organizations including the Mayo Clinic, Cleveland Clinic, Kaiser Foundation, Dignity Health, and Partners HealthCare. Last year, the CEO of Banner Health earned a salary of $21.6 million.

(Read more: Atchison Globe Now)