Imposes a tax on hospitals for excess compensation paid to top earners to fund health care access.

The bill imposes an excise tax on hospitals for excess compensation paid to their top earners. This tax aims to fund health care access, particularly for vulnerable populations, by controlling administrative costs. The tax applies to the five highest compensated employees, excluding those with direct patient care responsibilities. The tax rate is 7.5% of the excess compensation, defined as annual total compensation exceeding ten times the average annual wage. The revenue generated will support programs advancing health equity and expanding access to reproductive care.

Imposes a tax on hospitals for excess compensation paid to top earners to fund health care access.

The bill imposes an excise tax on hospitals for excess compensation paid to their top earners. This tax aims to fund health care access, particularly for vulnerable populations, by controlling administrative costs. The tax applies to the five highest compensated employees, excluding those with direct patient care responsibilities. The tax rate is 7.5% of the excess compensation, defined as annual total compensation exceeding ten times the average annual wage. The revenue generated will support programs advancing health equity and expanding access to reproductive care.