California Senate Bill 1953 requires structural and nonstructural upgrades to hospital buildings to enhance resilience to seismic events. This report estimates the costs to hospitals of compliance, focusing on the 2030 deadline. The potential costs have raised significant concerns regarding the financial burden on hospital systems and the opportunity costs associated with hospitals investing large pools of capital to implement seismic upgrades.
Language
English
Pages
120
Format
Paperback
Publisher
RAND Corporation
Release
June 28, 2019
ISBN
1977402631
ISBN 13
9781977402639
Updating the Costs of Compliance for California's Hospital Seismic Safety Standards
California Senate Bill 1953 requires structural and nonstructural upgrades to hospital buildings to enhance resilience to seismic events. This report estimates the costs to hospitals of compliance, focusing on the 2030 deadline. The potential costs have raised significant concerns regarding the financial burden on hospital systems and the opportunity costs associated with hospitals investing large pools of capital to implement seismic upgrades.