AB 1091 (Wood, D-Healdsburg)
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Introduced on Feb. 15. Referred to Assembly Health and Judiciary committees.
AB 1091 would give the attorney general the authority to approve, reject, or impose conditions on any transaction of assets or change in governance worth $15 million or more and that involve hospitals, health systems, health plans, health insurers, medical groups, or pharmacy benefit managers.
SB 774 (Jones, R-Escondido)
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Introduced on Feb. 17. Referred to Senate Health and Judiciary committees.
SB 774 would prohibit the California attorney general from putting conditions on nonprofit hospital transactions (such as mergers and acquisitions). The conditions include those that would (1) limit those hospitals from freely entering into contracts and negotiating rates, (2) have an adverse financial or operational impact on the seller, or (3) are different from the conditions that other similar corporations must comply with.