Bill > AB1415

This bill updates the California Health Care Quality and Affordability Act by expanding the responsibilities and reporting requirements for the Office of Health Care Affordability. The bill adds new definitions, including clarifying what constitutes a hedge fund and a management services organization, and requires these organizations to submit data to the office. It expands the office's mandate to conduct ongoing research on various health care entities and their impact on cost, quality, equity, and workforce stability. The bill requires health care entities and management services organizations to provide written notice to the office about significant agreements or transactions involving material changes in assets, ownership, or control. This includes transactions involving private equity groups, hedge funds, and newly created business entities. The goal is to increase transparency in the health care market, monitor cost trends, and promote competitive health care markets by examining potential mergers, acquisitions, and corporate affiliations. The office will collect and report information to help understand how various transactions might affect healthcare pricing, access, and overall market dynamics, while providing valuable insights to regulatory bodies and the public.

Budget and Finance, Health and Social Services

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