PENNSYLVANIA, July 18 - care and corporate governance.

(4) Financial troubles at some hospitals may stem in

part from their status as for-profit institutions.

(5) The ramifications of any potential hospital closures

are felt in health centers across this Commonwealth,

potentially overtaxing their ability to provide necessary

health care.

(6) Total health care expenditures in Pennsylvania more

than doubled from 1999 to 2014, rising from more than

$54,000,000,000 in 1999 to more than $118,000,000,000 in

2014.

(7) The vast majority of Americans feel that health care

expenses are too high and over 50% of Americans say they have

avoided needed medical care due to an inability to pay.

(8) For the General Assembly to best address the issue

of high health care costs and develop policy, necessary

information is essential, including an understanding of the

impacts the recent increase in for-profit hospital ownership

has had in Pennsylvania.

(9) A moratorium on approvals of any new for-profit

hospitals or transfer of ownership would grant the General

Assembly the time necessary to conduct a comprehensive review

of for-profit hospital entities and their impact on the

financial condition of the hospitals they operate, other

hospitals in this Commonwealth and the overall health care

system.

Section 3. Moratorium.

There shall be a moratorium for 24 months on the transfer of

ownership of a hospital or health system in this Commonwealth if

the acquiree or the acquirer is a for-profit entity.

20220SB1270PN1859 - 2 -

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