Bill > H2470

This bill amends existing Massachusetts law regarding taxation of health care revenue by adding a new provision that requires hospitals and other licensed health care providers to meet a specific financial threshold to qualify for an exemption certification. Specifically, these entities must demonstrate that the combined total of their revenue from MassHealth (the state's Medicaid program) and the cost of providing free care to patients is at least ten percent of their total gross patient service revenue. To ensure compliance, these organizations will be required to annually report their MassHealth revenue and free care costs to the commissioner, who will then establish regulations to oversee this new requirement.