Study
| EST. READ TIME 1 MIN.Buying Health Change? The 2005 Survey of High Earner Pay in Ontario's Hospitals
Half of Ontario's $33 billion in public health care spending goes to the hospital sector and at least three-quarters of that amount is labour income. Since health spending is the largest single factor affecting provincial finances (and is expected to be over 46 percent of all program spending during the current provincial government's mandate), it is crucial to monitor hospital pay trends.
Accordingly, this is the second annual Fraser Institute survey of hospital pay that focuses on high earning employees, those making over $100,000. This survey is the only comprehensive and detailed database that can be monitored on an annual basis, though it is a somewhat limited indicator of overall pay trends for all hospital workers.
This Alert examines the recently released 2004 pay information in the context of recent trends. A value-for-money assessment follows, as do various policy recommendations. The appendix provides details of data and methodology.
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Mark Mullins
Mark Mullins is the former executive director of the Fraser Institute as well as the Institute's former director of Ontariopolicy studies. He has published numerous studies on government finance, tax policy, and value-for-money issues. Prior to joining the Fraser Institute in 2003, Dr. Mullins served as President of MSG Hedge Corporation, a privately owned consulting firm and as Senior Vice-President and Chief Economist at Midland Walwyn Capital Inc., where he was responsible for communicating the firm's outlook on the North American economy and financial markets. Dr. Mullins also brings extensive applied policy experience, having served as economic and fiscal policy advisor to the Canadian Alliance Party, the Progressive Conservative Party of Canada, and the Progressive Conservative Party of Ontario. Mark Mullins has an M.A. from the University of Western Ontario and a Ph.D. from the London School of Economics and has written extensively on subjects such as Canadian tax reform, health policies, and stock market and investment issues. He is a member of Ontario's Task Force on Competitiveness, Productivity and Economic Progress and a regular media commentator.… Read more