Bill > S714

This bill aims to address hospital profit and fairness in Massachusetts. It proposes the following key provisions: 1. Facilities that accept state funds and have a patient mix with less than 60% government payers will be subject to a civil penalty if their annual operating margin exceeds 8%, with the penalty equal to the amount the margin exceeds 8%. 2. If the Chief Executive Officer of a facility that accepts state funds receives annual compensation greater than 100 times the minimum compensation paid to the facility's lowest-paid full-time employee, the facility will be subject to a civil penalty equal to the amount the CEO's compensation exceeds 100 times the minimum compensation. 3. Facilities that accept state funds must report all their financial assets, including those held outside the US, to the Center for Health Information and Analysis, which will then make the information public within 7 days. 4. Any penalties collected will be deposited into a Medicaid Reimbursement Enhancement Fund to improve Medicaid reimbursement to eligible hospitals. The bill aims to limit excessive hospital profits and executive compensation, while providing more transparency around hospital finances, with the goal of enhancing Medicaid reimbursement.

Health and Social Services

https://malegislature.gov/Bills/191/S714