Bill > S656

This bill aims to address hospital profits and fairness in the healthcare system. It defines key terms such as "facility" (hospitals and acute care facilities) and "compensation" (salary, bonuses, incentives, etc.). The bill states that if a hospital with less than 60% government payer patient mix reports an annual operating margin exceeding 8%, it will be subject to a civil penalty equal to the amount exceeding 8%. Additionally, if a hospital CEO's annual compensation exceeds 100 times the minimum facility compensation, the hospital will be subject to a civil penalty equal to the amount exceeding 100 times the minimum facility compensation. The bill also requires hospitals accepting Commonwealth funds to report their financial assets annually, which will be made public. Any penalties collected will go into a Medicaid Reimbursement Enhancement Fund to improve Medicaid reimbursement to eligible hospitals.

Health and Social Services

https://malegislature.gov/Bills/190/S656