One prominent Boston health system plans to pay $42 million under a tax in Massachusetts' healthcare cost-containment law.
The money from Partners HealthCare, which totals less than one-half of 1% of the system's 2012 expenses, will help finance a state trust fund for investment in healthcare reform initiatives by distressed Massachusetts hospitals.
The Massachusetts law, an ambitious and widely watched attempt to contain rising healthcare costs, includes provisions to promote health information technology, accountable care and new payment models.
The tax could raise $135 million from Partners, other large hospital operators and insurers. The tax is limited to hospital operators with at least $1 billion in assets and less than half their revenue from public payers.