Measure would bar shared ownership of insurers and care providers

A person could not directly or indirectly own, run or control both a health insurer and a health care provider. The text covers insurers and providers in New York, including certain facilities, health professionals, pharmaceutical and equipment providers, and their representatives.

A person covered by the prohibition would have to divest from the insurer and provider. This applies to a person in violation of the ownership and control rule. Divestment must occur no later than three years after the section takes effect.

The attorney general could sue a person or entity that violates the section and seek a daily civil penalty, costs and reasonable legal fees. The action may target any person or entity that violates the section. The attorney general may bring the civil action. The stated penalty is $10,000 for each day of violation.

An insurer or provider found in violation by the attorney general would be ineligible for payments under programs authorized by article five of the Social Services Law. This applies to a health insurer or provider found in violation by the attorney general. The payment restriction ends when the attorney general deems the violation resolved. The payment restriction lasts until the attorney general deems the violation resolved.