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Assembly Bill A3537

2009-2010 Legislative Session

Requires health insurers and health maintenance organizations to provide funds for reinvestment in health care

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Archive: Last Bill Status - In Assembly Committee

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2009-A3537 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Public Health Law
Laws Affected:
Add §2807-z, Pub Health L; add §§3240 & 4328, Ins L

2009-A3537 (ACTIVE) - Summary

Requires health insurers and health maintenance organizations to provide funds for reinvestment in health care.

2009-A3537 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3537

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            January 27, 2009
                               ___________

Introduced  by  M.  of A. BRADLEY, ZEBROWSKI, SCHIMEL, GUNTHER, GALEF --
  Multi-Sponsored by -- M. of A. BOYLAND, MAISEL, SWEENEY, TOWNS,  WEIS-
  ENBERG -- read once and referred to the Committee on Insurance

AN ACT to amend the public health law and the insurance law, in relation
  to ensuring investments in health care

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Statement of legislative intent. The legislature finds that
there is an ongoing need to improve the health status  of  residents  of
the  state.  Health care providers, business, health insurers and health
maintenance organizations all have a responsibility to ensure  that  the
communities  they  serve  have  the best health care possible. This is a
shared responsibility. However, many health insurers and health  mainte-
nance  organizations  incur substantial profits and have excess reserves
while health care providers in  general  struggle  financially.    There
needs to be both a balance between the financial health of providers and
that  of  health insurers and health maintenance organizations and addi-
tional funding to improve the provision of health services  in  communi-
ties  across  the  state,  including improvements in quality, workforce,
infrastructure and efficiency.
  The legislature finds that requiring health insurers and health  main-
tenance  organizations  to provide funds for reinvestment in health care
will benefit all New Yorkers.
  S 2. The public health law is amended by adding a new  section  2807-z
to read as follows:
  S  2807-Z.  HEALTH  CARE COMMUNITY REINVESTMENT FUND. 1. FUNDS ACCUMU-
LATED, INCLUDING INCOME FROM INVESTED FUNDS, FROM THE PAYMENTS SPECIFIED
IN SECTIONS THREE THOUSAND TWO HUNDRED FORTY  AND  FOUR  THOUSAND  THREE
HUNDRED TWENTY-EIGHT OF THE INSURANCE LAW SHALL BE DEPOSITED AND CREDIT-
ED  TO  A SPECIAL REVENUE FUND-OTHER FUND TO BE ESTABLISHED BY THE COMP-
TROLLER. TO THE EXTENT OF FUNDS APPROPRIATED THEREFOR, THE  COMMISSIONER

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03547-01-9
              

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