Section 50 Hospital Assessment 7

Section 64 of said chapter 118E of the General Laws, as appearing in the 2020 Official Edition, is hereby amended by striking out the definition of "Total acute hospital assessment amount" and inserting in place thereof the following definition:-

''Total hospital assessment amount'', a fixed amount equal to $880,000,000, which is the sum of $160,000,000 and the amounts transferred to the Safety Net Provider Trust Fund, the Hospital Investment and Performance Trust Fund, the Population Health Investment Trust Fund, and the Non-Acute Care Hospital Reimbursement Trust Fund under section 66, plus 50 per cent of the estimated cost, as determined by the secretary of administration and finance, of administering the health safety net and related assessments in accordance with sections 65 to 69, inclusive.

This section, along with twenty others, implements an increased and restructured hospital assessment that divides hospitals into five groups, assigning two different rates for each group (inpatient and outpatient), for a five-year term.