HB905
Prohibit common ownership of certain health care entities
๐ What This Bill Does
HB905 aims to prevent certain health care entities from being under common ownership. The bill prohibits individuals from owning both health care providers and health plan issuers, or wholesale distributors of drugs/devices and health care providers. It also outlines actions for those currently in violation to divest ownership or cease services within specified timelines, with penalties for non-compliance.
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Rationale
The bill scores low on alignment with libertarian principles due to its interference with voluntary contracts and free market choices. It restricts individuals from owning entities across different sectors, limiting their economic freedom.
Risks and Concerns
- Restricts individuals' rights to own and operate businesses as they see fit
- Interferes with the free market by imposing restrictions on ownership
- May lead to unintended consequences such as reduced competition and innovation in the health care sector
