Extends provisions of the public health law related to the redeployment of excess reserves of certain not-for-profit managed care organizations until 2025.
NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A7393
SPONSOR: Darling TITLE OF BILL:
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 organ-
izations, in relation to the effectiveness thereof
PURPOSE:
To extend various provisions of the public health law related to author-
izing the Commissioner of Health to obtain all financial and other
records deemed necessary to evaluate an Health Maintenance Organiza-
tion's reserves
SUMMARY OF PROVISIONS:
Section 1: Extends section 2 of subpart B of part FFF of Chapter 59 of
the laws of 2018, which relates to authorizing the commissioner of
health to redeploy excess reserves of certain non-profit managed care
organizations until August 1, 2025.
Section 2: Effective date
JUSTIFICATION:
This bill is necessary to ensure the continuation of specific laws of
critical importance to the Commissioner of Health relating to not-for-
profit managed care organizations in order to avoid the expiration of
those laws. Through these sections, the Commissioner is able to check
the organization's reserves and ensure that they are in operating order
and authorizes the Commissioner to make regulations related to an organ-
izations reserves.
LEGISLATIVE HISTORY:
This is a new bill.
BUDGET IMPLICATIONS:
None noted.
EFFECTIVE DATE:
Immediately.
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
