Rich Hospitals Slash Nurse Benefits While CEOs Earn Millions
Thousands of New York City nurses are on strike, demanding safe staffing levels, healthcare benefits, and protection from workplace violence. The Associated Press reports that hospitals like Mount Sinai and NewYork-Presbyterian, dubbed the 'richest hospitals in New York City' by the New York State Nurses Association, are threatening to 'discontinue or radically cut nurses’ health benefits.' (AP
News, Jan 12, 2026) While these hospital systems claim financial strain, their executives are, shall we say, thriving. Mount Sinai’s CEO, Kenneth Davis, for instance, reportedly pulls in over $7 million annually, while NewYork-Presbyterian’s Dr. Steven Corwin isn't far behind. One might wonder, given these figures, if the 'difficult decisions' to cut nurses' benefits are truly about fiscal
responsibility, or simply maximizing profit margins at the expense of front-line workers and patient care. Perhaps the medical establishment could take a page from their own balance sheets and re-prioritize patient health over executive wealth.