State law requires hospitals to upgrade buildings to reduce their risk of collapse during earthquakes by 2020. The 2030 standards require the facilities to remain operational after an earthquake.
Most hospitals in the state are compliant with the 2020 standards. However, hospitals say the 2030 earthquake regulations could cost billions and may force facilities to close, according to the report, which cites a study paid for by the California Hospital Association.
Hospitals estimate it could cost up to $143 billion to comply with the 2030 standards.
Labor unions reportedly are against scaling back the 2030 earthquake regulations, saying that would be a “multibillion bailout on seismic safety standards.”
Read the full KABC report here.
More articles on healthcare finance:
22% of Americans losing sleep over healthcare or insurance bills, Bankrate survey shows
6 things to know about Tenet subsidiary, Conifer
Revenue cycle company Ensemble to hire 100 employees in Charlotte area
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
