SECTION 1. Chapter 118G of the General Laws is hereby amended by inserting after section 4 the following new section:
4A. Reporting of Hospital Margins
If in any fiscal year, an Acute Hospital, as defined in this chapter, reports to the division an operating margin that exceeds 5 percent, the division shall hold a public hearing within 60 days. The Acute Hospital shall submit testimony on its overall financial condition and the continued need to sustain an operating margin that exceeds 5 percent. The Acute Hospital shall also submit testimony on efforts the Acute Hospital is making to advance health care cost containment and health care quality improvement; and whether, and in what proportion to the total operating margin, the Acute Hospital will dedicate any funds to reducing health care costs. The division shall review such testimony and issue a final report on the results of the hearing. In implementing the requirements of this Section, the Division shall utilize data collected by hospitals pursuant to the requirements of Section 53 of Chapter 288 of the Acts of 2010.
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