Concerning material changes to the operations and governance structure of participants in the health care marketplace.
Summary
Requires a filing of notice with the Attorney General at least 120 days before a qualifying market change transaction among health care market participants, extends material change transactions to cover additional parties, and requires notices to include additional information.
Requires the Attorney General to publish notice information, review transactions, hold public hearings, obtain assessments; approve, place conditions on, or disapprove of transactions; and monitor compliance.
Prohibits material change transactions that would detrimentally affect accessible affordable health care, and requires material change transactions to result in affected communities having the same or greater access to quality affordable care, including emergency care, primary care, reproductive health care, gender affirming care, end-of-life care, and essential health benefit categories.
Establishes a civil penalty of up to 15 percent of the value of a transaction for violations of notice requirements and authorizes the Attorney General to bring enforcement actions.
From the Engrossed House Bill Report (ESB 5241), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not passDid not pass · passed Senate, stalled in House