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Bill > LD1972


ME LD1972

An Act to Enhance Transparency and Value in Substantial Health Care Transactions by Changing the Review and Approval Process for Those Transactions


summary

Introduced
05/13/2025
In Committee
05/13/2025
Crossed Over
Passed
Dead
05/28/2025

Introduced Session

132nd Legislature

Bill Summary

This bill enacts law governing consequential transactions, such as transfers of ownership or control, among health care entities, including health care providers, health care facilities, provider organizations, pharmacy benefits managers and carriers. It establishes a preliminary and comprehensive review process carried out by the Department of Health and Human Services in consultation with the Office of Affordable Health Care and provides for post-transaction oversight. It creates provisions governing reporting on the ownership and control of health care entities upon the completion of a transaction. It also makes the provisions take effect January 1, 2026.

AI Summary

This bill establishes a comprehensive regulatory framework for reviewing and overseeing significant health care transactions in the state of Maine. The legislation requires health care entities (including providers, facilities, and organizations) to provide advance notice and seek approval for material change transactions valued at $10 million or more. The Department of Health and Human Services, in consultation with the Office of Affordable Health Care, will conduct a preliminary review within 60 days and may require a more extensive comprehensive review for transactions that could impact health care costs, competition, quality, or access. The review process includes public hearings, examination of various factors like market impact, patient access, and workforce effects, and allows the department to approve, conditionally approve, or disapprove transactions. Health care entities must also submit detailed reports about their ownership and control, which will be made publicly available to improve transparency. The bill includes provisions for post-transaction oversight, allowing the Attorney General and the department to enforce compliance, conduct audits, and impose penalties for violations. Importantly, the law is designed to protect patients by ensuring that health care transactions do not negatively impact the accessibility, affordability, or quality of health care services. The legislation will take effect on January 1, 2026, giving health care entities time to prepare for the new reporting and review requirements.

Committee Categories

Health and Social Services

Sponsors (5)

Last Action

Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD) (on 05/28/2025)

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