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Assembly advances AB 1415 to broaden oversight of health care cost drivers, including private equity
Summary
AB 1415 passed the Assembly after a floor presentation from Assemblymember Bonta; the bill expands reporting and spending‑target authority at the Office of Health Care Affordability to include large systems, private‑equity‑backed acquisitions and managed service organizations (MSOs). Vote: Aye 41, No 16.
SACRAMENTO — The Assembly on Thursday passed AB 1415, a bill that expands the Office of Health Care Affordability's (OCA) authority to monitor spending and review market consolidation, including transactions involving private equity and managed service organizations.
Assemblymember Bonta told colleagues during floor remarks that families on a median income face rising health care costs and growing medical debt, and that OCA needs additional tools to identify cost drivers. "AB 1415 ensures that OCA has the full picture of the cost drivers in our health care and provides needed…
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