Reduce financial distress that could lead to a default or the elimination of essential services. For example, a state could form a board or commission to assist hospitals and communities in preserving needed facilities and supporting closures and conversions.
Devise responses to default that will protect bondholders' investments and preserve the flow of capital for healthcare facilities and equipment. For example, a state board or commission could help assess market opportunities for properties in default.
Ease access to tax-exempt capital for community-based services, especially primary care and long-term care. Change federal regulations to remove barriers to tax-exempt capital.
Source: Milbank Memorial Fund