An Act to ensure timely health care cost reporting

This bill amends Massachusetts law to impose financial penalties on private payers, healthcare providers, and provider organizations that delay reporting health care cost information. Specifically, it introduces a penalty of up to $5,000 per week for each week of delay beyond a two-week deadline, with a maximum annual cap of $200,000 per entity. The collected fines will be deposited into the Healthcare Payment Reform Fund, and the bill authorizes the relevant center to create regulations defining what constitutes "just cause" for missing the reporting deadline.