SB2804 amends Hawaii law to prevent acquisitions that substantially lessen competition, access to health care, or increase insurance rates.

SB2804 modifies Hawaii Revised Statutes to prohibit individuals or entities from acquiring stock, interest, or assets that could substantially lessen competition, access to health care, or increase insurance rates. The law also prevents the creation of monopolies. Exceptions are made for acquisitions solely for investment purposes or for forming subsidiary entities that do not substantially lessen competition. The changes do not affect pre-existing rights, penalties, or ongoing proceedings.

SB2804 amends Hawaii law to prevent acquisitions that substantially lessen competition, access to health care, or increase insurance rates.

SB2804 modifies Hawaii Revised Statutes to prohibit individuals or entities from acquiring stock, interest, or assets that could substantially lessen competition, access to health care, or increase insurance rates. The law also prevents the creation of monopolies. Exceptions are made for acquisitions solely for investment purposes or for forming subsidiary entities that do not substantially lessen competition. The changes do not affect pre-existing rights, penalties, or ongoing proceedings.