New York A09225 prohibits ownership of both health insurance companies and health care providers, requiring divestment within three years.

New York A09225 amends the general obligations law to prohibit any person from directly or indirectly owning, operating, or controlling both a health insurance company and a health care provider. The bill mandates that any individual or entity found in violation must divest from both entities within three years. The attorney general is authorized to bring civil actions against violators, who may face penalties of up to $10,000 per day for each violation.

New York A09225 prohibits ownership of both health insurance companies and health care providers, requiring divestment within three years.

New York A09225 amends the general obligations law to prohibit any person from directly or indirectly owning, operating, or controlling both a health insurance company and a health care provider. The bill mandates that any individual or entity found in violation must divest from both entities within three years. The attorney general is authorized to bring civil actions against violators, who may face penalties of up to $10,000 per day for each violation.