Massachusetts H1398 imposes penalties on hospitals with excessive profits and executive compensation.

Massachusetts H1398 addresses hospital profit and fairness by imposing civil penalties on hospitals with annual operating margins exceeding 8% and on hospitals where the chief executive officer's annual compensation exceeds 50 times the minimum facility compensation. The bill requires hospitals to report their financial assets to the Center for Health Information and Analysis, which will make this information public. Penalties collected will be deposited into the Medicaid Reimbursement Enhancement Fund to improve Medicaid reimbursement to eligible hospitals.

Massachusetts H1398 imposes penalties on hospitals with excessive profits and executive compensation.

Massachusetts H1398 addresses hospital profit and fairness by imposing civil penalties on hospitals with annual operating margins exceeding 8% and on hospitals where the chief executive officer's annual compensation exceeds 50 times the minimum facility compensation. The bill requires hospitals to report their financial assets to the Center for Health Information and Analysis, which will make this information public. Penalties collected will be deposited into the Medicaid Reimbursement Enhancement Fund to improve Medicaid reimbursement to eligible hospitals.