News Headlines Article

Union seeks to cut hospital CEO pay, prices
Sacramento Business Journal

A crack in the unlikely alliance between Service Employees International Union and the California Hospital Association surfaced Friday when the union filed statewide initiatives that seek to cut hospital prices and nonprofit hospital CEO compensation. The Fair Healthcare Pricing Act would prohibit hospitals from charging more than 25 percent more than the actual cost of providing care. The Charitable Hospital Executive Compensation Act would prohibit nonprofit hospital executives from receiving more than $450,000 in annual compensation.