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History
- Referred to health
Companion bill
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Establishes a healthcare reinvestment fund suburban demonstration project
In Assembly Committee · Health · Sponsor Amy Paulin
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S6367
Title of bill
An act to amend the public health law, in relation to establishing a healthcare reinvestment fund suburban demonstration project
Purpose or general idea of bill
To create financial balance between for-profit health insurers and health-maintenance organizations (HMOs) and hospitals in the suburbs of New York City by requiring such insurers and HMOs to contribute funds for reinvestment in health information technology in the suburban area around New York City.
Summary of specific provisions
Section one provides the legislative intent. Section two amends the public health law by adding a new section 2807-z which provides the definition of terms used throughout the bill.
Section two also describes: the healthcare reinvestment fund suburban demonstration project; the composition and function of its oversight committee; the distribution of reinvestment funds; how funds are to be collected; how fund payments are to be calculated; the monthly payments to be made to the reinvestment fund; how prospective adjustments are to be calculated; and the ability of the commissioner to require the designated third-party payors to provide additional data.
Section three amends subdivision 8 of section 2807-t of the public health law, as added by chapter 639 of the laws of 1996, to provide for the payments required under new section 2807-z.
Section four amends subdivision 8 of section 2807-j of the public health law, as amended by section 26 of subpart D of part V-1 of chapter 57 of the laws of 2009, to include reference to payments made under new section 2807-z.
Section five provides that sections 2807-t and 2807-j of the public health law shall remain through June 30,2015.
Section six provides the effective date.
Justification
Hospitals in the suburbs of New York City face challenges that result in a significant competitive disadvantage when compared to nearby hospitals in New Jersey and Connecticut. While hospitals in the suburbs of New York City are struggling financially, in general, the for-profit health insurers and health maintenance organization operating in the suburban areas incur profits. This legislation will provide balance between the financial health of hospitals and that of for-profit health insurers and health
maintenance organizations by structuring a healthcare reinvestment fund suburban demonstration project.
Fiscal implication
To be determined.
Effective date
This act shall take effect on July 1, 2012, with provisions.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.