New York S09192 prohibits individuals from owning, operating, or controlling health insurance companies and health care providers, requiring.

New York S09192 amends the general obligations law to prohibit any person from directly or indirectly owning, operating, or controlling a health insurance company and a health care provider. This includes any combination of these entities. The law mandates that any person violating this prohibition must divest from such entities within three years. The attorney general can bring a civil action against violators, seeking a civil penalty of ten thousand dollars per day, along with costs and reasonable attorneys' fees. The act takes effect immediately.

New York S09192 prohibits individuals from owning, operating, or controlling health insurance companies and health care providers, requiring.

New York S09192 amends the general obligations law to prohibit any person from directly or indirectly owning, operating, or controlling a health insurance company and a health care provider. This includes any combination of these entities. The law mandates that any person violating this prohibition must divest from such entities within three years. The attorney general can bring a civil action against violators, seeking a civil penalty of ten thousand dollars per day, along with costs and reasonable attorneys' fees. The act takes effect immediately.