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SB343

Lead Author: Pan

Summary: Healthcare behemoth Kaiser Permanente currently lumps its financial disclosures — information on the revenue and profits of individual hospitals — into broad categories instead of following the rules every other hospital does, and listing this information by specific hospital. Kaiser controls 40% of the healthcare market in California and earned over $2B in profit in 2018. Mandating clearer financial disclosures from Kaiser will increase transparency and create more cost pressure, helping healthcare consumers across California. This bill passed and was signed into law.