Bill Text: NY A07393 | 2023-2024 | General Assembly | Introduced

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Bill Title: Extends provisions of the public health law related to the redeployment of excess reserves of certain not-for-profit managed care organizations until 2025.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2023-07-19 - signed chap.197 [A07393 Detail]

Download: New_York-2023-A07393-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          7393

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                      May 19, 2023
                                       ___________

        Introduced  by M. of A. DARLING -- read once and referred to the Commit-
          tee on Health

        AN ACT to amend 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, in relation to the effectiveness thereof

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Section  2  of subpart B of part FFF of chapter 59 of the
     2  laws of 2018, amending the public health law relating to authorizing the
     3  commissioner of health to redeploy excess reserves of  certain  not-for-
     4  profit managed care organizations, is amended to read as follows:
     5    § 2. This act shall take effect August 1, 2018 and shall expire and be
     6  deemed repealed August 1, [2023] 2025, but, shall not apply to any enti-
     7  ty or any subsidiary or affiliate of such entity that disposes of all or
     8  a material portion of its assets pursuant to a transaction that: (1) was
     9  the  subject  of  a  request  for  regulatory approval first made to the
    10  commissioner of health between January 1, 2017, and December  31,  2017;
    11  and  (2)  receives  regulatory  approval from the commissioner of health
    12  prior to July 31, 2018.
    13    § 2. This act shall take effect immediately.




         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11461-01-3