Bill > H1255

This bill aims to increase transparency and fairness in hospital profits in Massachusetts. It defines key terms like "facility" (referring to hospitals) and "compensation" (including salary, bonuses, and other benefits). The bill states that if a hospital's annual operating margin exceeds 8% and its patient mix is less than 60% government payers, the hospital will be subject to a civil penalty equal to the amount by which the margin exceeds 8%. Additionally, if a hospital CEO's annual compensation exceeds 100 times the minimum wage paid at that facility, the hospital will face a penalty equal to the excess compensation. The bill also requires hospitals to report their financial assets, including those held outside the US, to the Center for Health Information and Analysis, which will make the information public. Any penalties collected will be deposited into a Medicaid Reimbursement Enhancement Fund to improve Medicaid reimbursement to eligible hospitals.

Health and Social Services

https://malegislature.gov/Bills/192/H1255