CONCORD – House Speaker William O’Brien (R-Mont Vernon) and House Majority Leader D.J. Bettencourt (R-Salem) today commented on the passage of House Bill 1642, which would allow destination specialty hospitals to locate in New Hampshire. HB 1642 passed 198 to 161.
House Speaker William O’Brien
“Any organization that is seeking to invest millions of dollars into the continuation of a growth initiative that, by virtue of its success in other states has demonstrable value to its customers—in this case patients—is an organization I want to encourage to locate in New Hampshire. This legislation seeks to achieve the goal of a stronger economy and better care here. Allowing specialty hospitals to do business in New Hampshire would bring, at the very least, 500 new jobs and likely even more. We have an obligation to the 38,000 of our friends and neighbors who are currently looking for work to create jobs every responsible way possible. This is a jobs bill in one of its most virtuous forms. "
House Majority Leader D.J. Bettencourt
“Support of this bill sends a clear message and puts a stake in the ground that this House is serious about job creation and is willing to take the necessary steps to create them. Increasing competition will reduce the cost of healthcare to individuals and businesses and improve care in the right way as opposed to how Washington intends to provide healthcare, which is to force ObamaCare on our citizens with individual mandates and stifled competition.
“The definition of destination specialty hospitals only applies to for-profit hospitals. While we would give these facilities an opportunity for Medicaid Enhancement Tax (MET) relief, as a for-profit venture, they would still be subject to paying the Business Enterprise Tax (BET), the Business Profits Tax (BPT), as well as local property tax bringing increased revenue to both the state and community in which they locate. This is very different from the vast majority of non-profit hospitals, which pay no BET and no BPT and a very limited property tax amount.
“We value competitive approaches to better healthcare. The House recently took a position in favor of repealing the certificate of need law because we have seen that limiting expansion, utilization and availability of medical services is ineffective at best and evidence shows that even worse it is counterproductive and drives up prices of healthcare costs. We hope the Senate shares these values and joins with us in passing this bill.”