summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation relative to hospital profit and fairness. Health Care Financing.
AI Summary
This bill aims to promote fairness and regulate profits in the hospital industry in Massachusetts. It defines key terms such as "facility" (hospitals, acute care units, etc.), "compensation" (including salaries, bonuses, and other benefits), and "minimum facility compensation" (the value of the annual compensation received by a full-time employee earning minimum wage). The bill imposes a civil penalty on facilities that have an annual operating margin exceeding 8% and on facilities where the CEO's annual compensation exceeds 100 times the minimum facility compensation. It also requires facilities that receive state funds to report their financial assets annually to the Center for Health Information and Analysis. Any penalties collected will be deposited into a Medicaid Reimbursement Enhancement Fund to improve Medicaid reimbursement to eligible hospitals.
Committee Categories
Health and Social Services
Sponsors (8)
Mike Moore (D)*,
Michael Brady (D),
Harriette Chandler (D),
Carol Doherty (D),
Paul Feeney (D),
Tami Gouveia (D),
Jason Lewis (D),
Erika Uyterhoeven (D),
Last Action
Accompanied a study order, see S2800 (on 03/31/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/192/S805 |
Bill | https://malegislature.gov/Bills/192/S805.pdf |
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