Bill
Bill > HB350
summary
Introduced
04/23/2024
04/23/2024
In Committee
05/08/2024
05/08/2024
Crossed Over
04/25/2024
04/25/2024
Passed
05/21/2024
05/21/2024
Dead
Signed/Enacted/Adopted
06/13/2024
06/13/2024
Introduced Session
152nd General Assembly
Bill Summary
This Act creates the Diamond State Hospital Cost Review Board, which will be responsible for an annual review of hospital budgets and related financial information. The Board will have 7 members: 6 appointed by the Governor and confirmed by the Senate, and the Executive Director of the Delaware Healthcare Association. This Act creates a requirement that hospitals submit yearly budgets, audited financial statements, and related financial information to the Board for review.
AI Summary
This bill creates the Diamond State Hospital Cost Review Board, which will be responsible for an annual review of hospital budgets and related financial information. The Board will have 7 members, including 6 appointed by the Governor and the Executive Director of the Delaware Healthcare Association. The bill requires hospitals to submit yearly budgets, audited financial statements, and other financial information to the Board for review. If a hospital's actual annual cost growth exceeds the state's spending benchmark, the Board may require the hospital to submit a performance improvement plan. The bill also includes temporary pricing measures that limit how much hospitals can increase rates in 2025 and 2026, with some exceptions.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (3)
Last Action
Signed by Governor (on 06/13/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
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