Bill > AB1415

This bill updates the California Health Care Quality and Affordability Act by expanding the definitions and oversight capabilities of the Office of Health Care Affordability. The bill adds management services organizations (entities providing administrative support to healthcare providers) to the list of healthcare entities that must be monitored, requiring them to submit data to the office. It broadens the definition of "provider" to include a wider range of healthcare entities, including health systems and entities that own or control healthcare providers. The bill also introduces new definitions like "hedge fund" and clarifies what constitutes a "health system". Additionally, the legislation requires private equity groups, hedge funds, and newly created business entities that engage in significant transactions with healthcare entities to provide written notice to the office at least 90 days before such transactions. The goal is to increase transparency, monitor healthcare market trends, and help control healthcare costs and market consolidation in California by giving the Office of Health Care Affordability more comprehensive oversight and data-gathering capabilities.

Budget and Finance, Health and Social Services

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB1415