Rep. Brian Bolduc (D-Auburn) submitted a bill last week that would cap the salaries of Maine hospital executives at the same salary as the governor, according to a Sun Journal report.
Rep. Bolduc said because hospitals are state-subsidized, the state government should have a say in hospital leader salaries. The governor's salary is currently set at $70,000 a year, compared to salaries of $1-$3 million for some Maine non-profit hospital CEOs.
Jeffrey Austin, a lobbyist for the Maine Hospital Association, said Rep. Bolduc's bill appeared to punish administrators for publicizing government-owed debt, which has forced some hospitals to cut staff and services even as executives are given raises.
Rep. Bolduc's bill is not the first to target executive salaries, according to the report. During previous years of the Democrat-controlled legislature, lawmakers introduced ultimately failed legislation that attempted to cap executive salaries.
Read the Sun Journal report on the bill to cap hospital executive salaries.
Read more on hospital executive compensation:
-UCSF Medical Center Executive Demands More in Retirement Benefits
-5 Trends Affecting Hospital CEO Compensation in 2011
-5 Points on Designing a CEO Incentive Compensation Plan
Rep. Bolduc said because hospitals are state-subsidized, the state government should have a say in hospital leader salaries. The governor's salary is currently set at $70,000 a year, compared to salaries of $1-$3 million for some Maine non-profit hospital CEOs.
Jeffrey Austin, a lobbyist for the Maine Hospital Association, said Rep. Bolduc's bill appeared to punish administrators for publicizing government-owed debt, which has forced some hospitals to cut staff and services even as executives are given raises.
Rep. Bolduc's bill is not the first to target executive salaries, according to the report. During previous years of the Democrat-controlled legislature, lawmakers introduced ultimately failed legislation that attempted to cap executive salaries.
Read the Sun Journal report on the bill to cap hospital executive salaries.
Read more on hospital executive compensation:
-UCSF Medical Center Executive Demands More in Retirement Benefits
-5 Trends Affecting Hospital CEO Compensation in 2011
-5 Points on Designing a CEO Incentive Compensation Plan