Mass General Brigham (MGB) has recently experienced its largest layoffs due to a projected $250 million budget shortfall. These layoffs have led legislators in Worcester to propose bills aimed at capping executive compensation in publicly funded hospitals. CEO Anne Klibanski's reported compensation exceeds $6 million, while average healthcare executives made around $11 million in 2023. The proposed legislation seeks to limit such pay to a maximum of 50 times the minimum salary, further enforcing penalties for violations. This move has received support from healthcare professionals who demand fair compensation structures within the sector.
Mass General Brigham implemented significant layoffs due to a projected $250 million budget gap, provoking calls from lawmakers for limits on healthcare executive pay.
Senators Moore and O'Day proposed bills to cap CEO salaries in public hospitals at 50 times the minimum salary, to address excessive executive compensation.
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