The bill, sponsored by Rep. Brian Bolduc (D-Auburn), would force facilities to cap hospital administrator total compensation at $70,000. According to the report, Rep. Bolduc’s bill was inspired by a newspaper report that showed hospital executives accepting pay increases while laying off workers and lamenting lower reimbursements.
Some committee members, including Sen. Margaret Craven (D-Androscoggin), suggested the bill was too extreme. She also wondered aloud if the Legislature can dictate salaries for non-profits. The Sun Journal reported that the bill appears to be losing momentum, with no co-sponsors.
Read the Sun Journal report on Maine’s bill to cap executive salaries.
Read more on executive compensation:
–5 Recent Disclosures on Executive Compensation
–Fired CEO to Receive Nearly $1M Severance Package From California’s El Camino Hospital
–CaroMont Health Releases Earnings of Top Executives
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