WSAR NEWS

What MA State Senate bill does to prevent another Steward collapse?

The Massachusetts State Senate will vote Thursday on a voluminous 115-page healthcare oversight reform bill in part inspired by the crisis at Steward Health Care.

 

This year, the House and Senate wrote bills to try to prevent similar problems from festering under the surface. The two bills remain significantly different. They only have 16 days to create and vote on a compromise bill when lawmakers are required to suspend any major business for the remainder of the two-year term.

 

The Senate bill would require private equity firms associated with healthcare providers to participate in the annual cost trends process, and allow regulators to audit not just hospitals' financial documents but out-of-state parent organizations, private equity owners, and real estate investment trusts.

 

Read more at heraldnews.com.

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