Bill

Bill > S805


MA S805

Relative to hospital profit and fairness


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
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)

Last Action

Accompanied a study order, see S2800 (on 03/31/2022)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...