Establishes the hospital cost review board to oversee nonprofit hospitals, ensuring compliance with cost regulations and providing grants to.

The bill creates the hospital cost review board within the Department of Licensing and Regulatory Affairs. The board is tasked with analyzing nonprofit hospitals' financial data, ensuring compliance with cost regulations, and awarding grants to hospitals experiencing unsustainable losses. Hospitals must submit detailed financial information annually, including expenditures, revenues, and tax exemptions. The board can impose assessments on hospitals found in violation of cost regulations.

Establishes the hospital cost review board to oversee nonprofit hospitals, ensuring compliance with cost regulations and providing grants to.

The bill creates the hospital cost review board within the Department of Licensing and Regulatory Affairs. The board is tasked with analyzing nonprofit hospitals' financial data, ensuring compliance with cost regulations, and awarding grants to hospitals experiencing unsustainable losses. Hospitals must submit detailed financial information annually, including expenditures, revenues, and tax exemptions. The board can impose assessments on hospitals found in violation of cost regulations.