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The state’s largest nurses union is pressing forward with a bid to require greater financial disclosure by Massachusetts hospitals and limit the pay of top hospital executives, moves being fiercely opposed by the hospital industry’s trade organization.
Massachusetts Nurses Association officials delivered a petition to Secretary of State William F. Galvin’s office last week signed by more than 100,000 voters calling for a new state law mandating more transparency by hospital systems in reporting their finances and seeking to redress disparities between the state’s richest and poorest hospitals.
Among other things, the proposed law would require hospitals to detail all funds in offshore accounts and cap hospital chief executive salaries at 100 times that of their lowest-paid workers.