Re-ref Com On Appropriations/Base Budget
Summary
The bill creates a new review process for any hospital transaction worth $5 million or involving at least 50 % of a hospital’s assets, requiring notice, a 60‑day state review and public publication before a deal can close. It also protects doctors, nurses and other health‑care professionals from retaliation when they report safety or ethical concerns, and bans nondisclosure and non‑compete agreements that restrict such reporting. Finally, it limits the annual compensation of CEOs at nonprofit hospitals that receive state funds to 400 times the lowest‑paid full‑time employee’s pay, with civil penalties for violations.
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