Press Conference & Special Delivery: With Hospitals Stashing Millions in Offshore Accounts, ‘Fat Cat’ CEO Mascot Delivers Beach Towels to Legislators to Join Him in Cayman Islands Advocates Urge Legislators to Pass “Hospital Profit Transparency & Fairness Act” Press Conference: Tuesday, April 29, 2014 1:30 p.m. State House, Room 437 Great Visuals Special Delivery: Immediately Following Press Conference Fat Cat Hospital CEO (accompanied by Island Music) Delivers Cayman Island Beach Towels to Legislators Advocates will provide lists of hospitals with money stored in offshore accounts and will urge legislators to demand transparency in hospital finances by passing The Hospital Profit Transparency & Fairness Act (H3844). This initiative petition will require hospitals to report all investments, including the unreported millions stashed in the Cayman Islands. Most hospitals in Massachusetts receive half their revenues from tax dollars including Medicare, Medicaid, public employee and retiree health insurance premiums, taxpayer funded grants, loans, subsidies and waivers on local, state and federal taxes. This month legislators will debate the state budget and decide how many of our tax dollars they will provide hospital administrators. Yet legislators and voters have NO idea how much money hospitals store in offshore accounts or why hospitals don’t keep their excess reserves in Massachusetts’ banks. Hospital CEOs in Massachusetts are paid excessive salary packages that bear no relationship to the quality of care or patient outcomes, like readmission rates, where Massachusetts hospitals rank among the worst in the nation. Legislators and the public have the right to know how their tax dollars are being spent, especially as health care costs continue to skyrocket and profitable hospitals cut needed services. Press is invited to accompany the Fat Cat mascot as he delivers Cayman Island beach towels to legislators. (Great Visuals & Photo Ops)
Posted on: Mon, 28 Apr 2014 18:05:36 +0000
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