MN HF1602

Caps annual compensation for executives, managers, and administrators at nonprofit hospitals and affiliated medical entities at the annual salary and expense allowance of the President of the United States (currently $400,000).

Applies compensation limits to severance and post-employment arrangements, limiting total severance payments to the same presidential salary amount.

Requires hospitals to report annually to the attorney general within three months of fiscal year-end, including names, titles, and compensation of top 10 highest-paid executives and top 5 severance recipients with detailed wage and non-wage breakdowns.

Exempts medical and healthcare professionals from compensation limits if at least 50 percent of their duties involve medical services, research, direct patient care, or other non-managerial duties.

Authorizes the attorney general or state taxpayers to bring civil actions for violations, with penalties up to $500,000 per violation and potential revocation of tax-exempt and nonprofit status.