An Act expanding the moral obligation bond program to acute care hospitals
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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 expands the existing Moral Obligation Bond (MOB) program to include acute care hospitals in Massachusetts. The MOB program allows hospitals to issue bonds to finance projects that address health disparities and improve access to care for underserved populations. By extending this program to acute care hospitals, the bill aims to increase the availability of funding for initiatives focused on equitable healthcare delivery within the state’s hospital system.
Key provisions
- Expands the Moral Obligation Bond program.
- Includes acute care hospitals as eligible recipients of MOB funding.
- Aims to address health disparities through hospital projects.
- Supports initiatives focused on equitable healthcare access.
- The program will be administered by the Health Care Financing Office.
Who is affected
- Acute care hospitals in Massachusetts
- Patients in underserved communities
- Health Care Financing Office
- Healthcare providers
Notable changes
- Previously, the MOB program was limited to certain types of healthcare facilities.
- This expansion broadens the scope of facilities eligible for funding.
Bill text
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Sponsors
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2 on record
Primary sponsor
Cosponsor
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