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Assembly Bill A10925

2017-2018 Legislative Session

Relates to excess reserves of certain health maintenance organizations

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Archive: Last Bill Status - In Assembly Committee

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2017-A10925 (ACTIVE) - Details

Current Committee:
Assembly Health
Law Section:
Public Health Law
Laws Affected:
Amd Part FFF Subpart B §2, Chap 59 of 2018
Versions Introduced in 2019-2020 Legislative Session:
A2796

2017-A10925 (ACTIVE) - Summary

Relates to excess reserves of certain health maintenance organizations.

2017-A10925 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10925
 
                           I N  A S S E M B L Y
 
                               May 29, 2018
                                ___________
 
 Introduced  by  M.  of  A.  GOTTFRIED  --  read once and referred to the
   Committee on Health
 
 AN ACT to amend subpart B of part FFF of chapter 59 of the laws of  2018
   amending the public health law relating to authorizing the commission-
   er  of  health  to  redeploy excess reserves of certain not-for-profit
   managed care organizations, in relation to the effectiveness thereof

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section  2  of subpart B of part FFF of chapter 59 of the
 laws of 2018 amending the public health law relating to authorizing  the
 commissioner  of  health to redeploy excess reserves of certain not-for-
 profit managed care organizations is amended to read as follows:
   § 2. This act shall take effect August 1, 2018 and shall expire and be
 deemed repealed August 1, 2023[, but, shall not apply to any  entity  or
 any  subsidiary  or  affiliate  of such entity that disposes of all or a
 material portion of its assets pursuant to a transaction that:  (1)  was
 the  subject  of  a  request  for  regulatory approval first made to the
 commissioner of health between January 1, 2017, and December  31,  2017;
 and  (2)  receives  regulatory  approval from the commissioner of health
 prior to July 31, 2018]; PROVIDED THAT THE PROVISIONS OF SECTION 4416 OF
 THE PUBLIC HEALTH LAW, AS ADDED BY SECTION ONE OF THIS  ACT,  SHALL  NOT
 APPLY  TO  ANY ENTITY OR ANY SUBSIDIARY OR AFFILIATE OF SUCH ENTITY THAT
 WAS SUBJECT TO THE TERMS OF SUCH SECTION AND THAT HAD RESERVES THAT  DID
 NOT  EXCEED THE PRESUMPTIVE RESERVE CEILING SET FORTH IN SUCH SECTION ON
 ITS EFFECTIVE DATE.
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD16062-02-8

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