Imposes an excise tax on hospitals for excess compensation paid to their five highest-compensated employees to fund health care access.

The bill imposes an excise tax on hospitals for excess compensation paid to their five highest-compensated employees. The tax is 7.5% of the portion of a covered employee's annual total compensation that exceeds 10 times the average annual wage. The revenue generated will fund health care access, including programs that advance health equity and expand access to reproductive care. The tax applies to hospitals that pay excess compensation to their top five earners, defined as those with annual total compensation exceeding 10 times the average annual wage.

Imposes an excise tax on hospitals for excess compensation paid to their five highest-compensated employees to fund health care access.

The bill imposes an excise tax on hospitals for excess compensation paid to their five highest-compensated employees. The tax is 7.5% of the portion of a covered employee's annual total compensation that exceeds 10 times the average annual wage. The revenue generated will fund health care access, including programs that advance health equity and expand access to reproductive care. The tax applies to hospitals that pay excess compensation to their top five earners, defined as those with annual total compensation exceeding 10 times the average annual wage.