An Act relative to hospital profit and fairness
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill, titled ‘An Act relative to hospital profit and fairness,’ seeks to address concerns about hospital profitability and ensure fairness in healthcare pricing within Massachusetts. It aims to increase transparency around hospital revenue and expenses, particularly regarding executive compensation and investments. The bill proposes a study to examine hospital financial practices and potentially recommend changes to regulations. Ultimately, the goal is to promote more equitable healthcare costs for patients and taxpayers.
Key provisions
- Requires hospitals to report detailed financial information publicly.
- Directs a study of hospital revenue and profit margins.
- Examines executive compensation practices at hospitals.
- Investigates hospital investment strategies.
- Seeks to improve transparency in hospital pricing.
- Addresses potential inequities in hospital financial operations.
Who is affected
- Hospitals in Massachusetts
- Patients in Massachusetts
- Taxpayers in Massachusetts
- Healthcare providers in Massachusetts
- Hospital executives
Notable changes
- Proposes a comprehensive study of hospital finances.
- May lead to increased regulatory oversight of hospital practices.
Bill text
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Sponsors
Official sponsors from legislative records.
7 on record
Primary sponsor
Michael O. Moore
Cosponsors
James B. Eldridge
Michael O. Moore
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