Loading chat...
LA HB317
Bill
Status
5/5/2025
Primary Sponsor
Michael Echols
Click for details
AI Summary
-
Creates the "Hospital Lease Accountability Act" targeting hospitals with 200+ beds owned by for-profit, publicly traded real estate investment trusts and leased to operators
-
Defines financial distress as closure/reduction of emergency or inpatient services, failure to pay employees for 30 consecutive days, or bankruptcy filing
-
Requires lessor entities to fund 12 months of operating expenses when financial distress occurs, reimburse state emergency funds, and disclose five years of financial transfers from the facility
-
Establishes personal liability for lessor board members and executives including repayment of five years of lease payments, civil penalties up to $250,000 per person, and 10-year disqualification from healthcare facility boards
-
Prohibits using Medicaid or state emergency grant funds for lease payments, with triple damages awarded for violations; grants whistleblower immunity and authorizes attorney general enforcement
Legislative Description
Establishes prohibited acts by certain healthcare facility lessors and lessees (RE SEE FISC NOTE SG RV)
HEALTH CARE/FACILITIES
Last Action
Read second time by title and referred to the Committee on Health and Welfare.
5/6/2025