Union campaigns for CEO compensation cap in CA

The SEIU-United Healthcare Workers West has launched a signature campaign for two proposed ballot measures that would cap the compensation of not-for-profit hospital CEOs and how much such facilities can charge for care, the San Francisco Chronicle reported. The union, which represents about 150,000 hospital employees in California, has hired two political operatives who helped pass a 2012 initiative to raise the state's sales tax and levies on the wealthy. The proposed initiatives would cap CEO pay at $450,000 a year, the equivalent of what the President of the United States earns. It would also limit not-for-profit hospitals from charging 25 percent above their costs for care. The union needs 505,000 valid signatures of registered voters by mid-April to place the initiatives on the fall ballot. Its goal is to collect 850,000 signatures. Read the full article at FierceHealthFinance

Suggested Articles

The profit margins and management of Community Health Group raise questions about oversight of managed care insurers.

Financial experts are warning practices about the pitfalls of promoting medical credit cards to their patients.

A proposed rule issued by HHS on Tuesday would expand short-term coverage, a move Seema Verma said will have "virtually no impact" on ACA premiums.