The House Concurrent Resolution No. by Representative McFarland aims to establish a hospital stabilization formula in Louisiana to enhance the availability and sustainability of inpatient and outpatient hospital services. The resolution outlines a hospital assessment framework that will be levied quarterly on hospitals, contingent upon approval from the Centers for Medicare and Medicaid Services (CMS). The assessment rates vary based on the type of hospital and their net patient revenue, with specific exemptions for smaller and rural hospitals. The goal is to create a reliable funding source for healthcare services without relying on state general funds, while also minimizing the financial burden on insured individuals due to the costs associated with uninsured residents.

Additionally, the resolution mandates reimbursement enhancements for hospitals that comply with the assessment, including a uniform percentage increase for both acute and post-acute care hospitals. The Louisiana Department of Health is tasked with implementing these enhancements and must publish relevant data on hospital reimbursements and directed payments. The resolution also requires the Department to submit any necessary amendments to CMS and allows for the promulgation of rules to facilitate the implementation of the outlined provisions. Overall, the resolution seeks to bolster the financial stability of hospitals in Louisiana while ensuring that healthcare services remain accessible to all residents.