Delaware House Bill 350 (HB350) seeks to limit hospital cost growth in Delaware by establishing the Diamond State Hospital Cost Review Board. HB350 was signed into law in June 2024. The law introduces a framework Delaware believes may control hospital reimbursement. The board’s responsibilities include an annual review of hospital budgets and finances starting in 2025 for the 2026 calendar year. The bill also includes a temporary measure that limits hospital price increases for 2025 and 2026. 

Our paper discusses the following: 

• Summary of key financial provisions
• Understanding healthcare trends
• How fixed unit prices affect trend