Opinion: My hand surgeon should have been paid $4.5 billion for fixing my broken wrist, not $1,000
If Jeff Bezos was rewarded for the value he created using my hand surgeon's pay as a guide, he'd be worth $22,222 for creating Amazon, not $100 billion.
I believe that health care providers aren’t paid anything close to what they are worth to society. I don’t mean this in the sappy emotional sense in which the “value of any human’s life is infinite,” or any other subjective standard. I am talking about real world, measurable economic impacts. Using the entrepreneurs’ 10% reward as a guide, health care providers create astronomical value for which they are paid a small token.
In 2016, self-made billionaire Naveen Jain : “If you want to make $1 billion, all you have to do is solve a $10 billion problem.” That 10% reward for an entrepreneur’s creation is a useful rule of thumb: Jeff because he created a $1 trillion solution to retail sales.
