Health facilities: hospitals; hospital cost review board act; establish. Creates new act. TIE BAR WITH: HB 6117'26, HB 6118'26

This bill establishes a new Hospital Cost Review Board within the Michigan Department of Licensing and Regulatory Affairs to oversee hospital functions and manage financial assessments. The board will consist of five members appointed by the governor, representing the executive branch, the House of Representatives, and the Senate, with specific qualifications in healthcare policy, business, or finance. Its primary duties include regulating certain hospital activities, administering grants, and imposing assessments on specific hospitals, all while operating under rules that ensure transparency and impartiality. The legislation directly affects nonprofit and qualified hospitals in the state by creating a formal oversight body to review their operations and financial practices.