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Hospital Executive Compensation Act – WITHDRAWN

UPDATE: The Hospital Executive Compensation Act will not be on the 2016 ballot after its backers withdrew the effort on August 15, the day before a scheduled court challenge. The backers said their efforts would be better spent defeating Donald Trump.

The Hospital Executive Compensation Act:

Limits total annual compensation paid to executives, administrators, and managers of hospitals, hospital groups, and affiliated medical entities, whether operated for profit or not for profit, to the annual compensation of the President of the United States (currently $450,000).

Similarly limits severance pay for hospital executives, administrators, and managers.

Defines compensation to include wages, bonuses, retirement benefits, club memberships, loans, housing, transportation, life insurance and deferred compensation.

Requires public disclosure of compensation exceeding these limits.

Provides for enforcement by Attorney General or persons acting on behalf of themselves, their members, or the general public.

Full text of the initiative