House Passes H.4643, An Act enhancing the market review process

Just one day after advancing the FutureTech Act, the House passed the most comprehensive health care legislation since 2012, a decisive action taken to address the instability caused by Steward Health Care. This bipartisan bill, which I proudly supported, passed with a 152-1 vote on May 16. The bill aims to restore stability, increase accountability, and control health care spending so that everyone in Massachusetts has access to quality, affordable health care.

Key Provisions:

• Transparency: Requires hospitals to disclose significant for-profit investments.

• Penalties: Stricter penalties for non-compliance with data reporting.

• Increase Oversight: Empowers the Health Policy Commission (HPC) to scrutinize transactions for anticompetitive impacts.

• Expand Authority: Attorney General can now seek more information from equity investors and management organizations.

• Prevent Asset Sales: Prohibits hospitals from selling land to real estate investment trusts (REITs) for operation purposes.

Sincerely,

Margaret

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