An Act relative to hospital profit and fairness
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill proposes to impose civil penalties on publicly funded hospitals in Massachusetts if they generate excessive profits or pay excessive compensation to executives. The goal is to ensure that hospitals prioritize patient care and responsible financial management over maximizing profits. It seeks to address concerns about hospital finances and potential inequities in executive compensation, particularly at facilities supported by public funds. The bill aims to promote fairness and accountability in hospital operations.
Key provisions
- Establishes civil penalties for hospitals with significant profits.
- Targets excessive executive compensation at publicly funded hospitals.
- Applies to hospitals receiving state funding.
- Creates a mechanism for assessing and enforcing these penalties.
- Requires hospitals to report financial data publicly.
Who is affected
- Publicly funded hospitals in Massachusetts
- Hospital executives
- State government (through funding)
- Patients served by these hospitals
Notable changes
- Introduces a system of financial penalties for hospital profits.
- Specifically addresses executive compensation levels.
Fiscal impact
The bill’s fiscal impact is currently under consideration by the Health Care Financing committee.
Bill text
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Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
18 on record
Primary sponsor
James J. O'Day
Cosponsors
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