Members of the Massachusetts Nurses Association and the National Nurses United have been urging state legislators to pass a bill they introduced last year, the Hospital Profit Transparency and Fairness Act. The HPTFA would limit excessive revenues and executive compensation for nonprofit, state-assisted hospitals, and would require hospitals to publicly disclose their financing, including their tax-sheltered offshore accounts. While health care costs are the financial ruin of many families, hospitals are able to boost revenue in part by keeping offshore accounts, which are not subject to the rigors of taxation or regulatory oversight.
