Bill helps close gaps that caused the Steward Health Care collapse
BOSTON (12/30/2024)—Today, the Massachusetts Legislature passed legislation that will close loopholes in the health care market regulatory process exposed by the collapse of Steward Health Care, increase financial transparency by gathering more information regarding hospital finances, and assist in maintaining a more stable and sustainable health care system.
“This bill is a continuation of the Commonwealth’s long-standing effort to ensure that everyone in Massachusetts has access to quality, affordable health care,” said House Speaker Ronald J. Mariano (D-Quincy). “I want to thank Chairman Lawn for working diligently to get this legislation over the finish line, a process that included the incorporation of input from dozens of stakeholders and outside experts, and I want to thank all my colleagues in the House and our partners in the Senate for recognizing the need for this legislation amid a number of daunting challenges facing the Commonwealth’s health care system.”
“Massachusetts is a health care leader globally because we take seriously our responsibility to invest in our health ecosystem and protect providers and patients,” said Senate President Karen E. Spilka (D-Ashland). “As we stare down a health care system plagued by high costs and the fallout from private equity mismanagement, we are doubling down on our responsibility to our residents by safeguarding patients, expanding access to care, and holding private equity accountable. I’m grateful to the unmatched work of Senator Friedman, the work of my colleagues, the countless advocates who have contributed their voices to this legislation, and our partners in the House for making this legislation a reality.” … Read more.