| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | - | LCO 1 of 2 | |
| 3 | + | LCO No. 5678 1 of 2 | |
| 4 | 4 | ||
| 5 | - | General Assembly | |
| 5 | + | General Assembly Raised Bill No. 1480 | |
| 6 | 6 | January Session, 2025 | |
| 7 | + | LCO No. 5678 | |
| 8 | + | ||
| 9 | + | ||
| 10 | + | Referred to Committee on HUMAN SERVICES | |
| 11 | + | ||
| 12 | + | ||
| 13 | + | Introduced by: | |
| 14 | + | (HS) | |
| 15 | + | ||
| 7 | 16 | ||
| 8 | 17 | ||
| 9 | 18 | ||
| 10 | 19 | AN ACT CONCERNING PRIVATE EQUITY AND REAL ESTATE | |
| 11 | 20 | INVESTMENT TRUST OWNERSHIP OF HOSPITALS AND NURSING | |
| 12 | 21 | HOMES. | |
| 13 | 22 | Be it enacted by the Senate and House of Representatives in General | |
| 14 | 23 | Assembly convened: | |
| 15 | 24 | ||
| 16 | 25 | Section 1. (Effective October 1, 2025) (a) As used in this section, (1) 1 | |
| 17 | 26 | "nursing home" and "hospital" have the same meanings as provided in 2 | |
| 18 | 27 | section 19a-490 of the general statutes, (2) "private equity company" 3 | |
| 19 | 28 | means a publicly traded or non-publicly traded company that collects 4 | |
| 20 | 29 | capital investments from individuals or entities and purchases a direct 5 | |
| 21 | - | or indirect ownership share of a | |
| 22 | - | ||
| 23 | - | ||
| 24 | - | (b) The Commissioner of Social Services shall require a nursing | |
| 25 | - | or hospital to be free of any new ownership interests by private | |
| 26 | - | companies or real estate investment trusts recorded on and after 11 | |
| 30 | + | or indirect ownership share of a provider, and (3) "real estate 6 | |
| 31 | + | investment trust" has the same meaning as provided in 26 USC 856, as 7 | |
| 32 | + | amended from time to time. 8 | |
| 33 | + | (b) The Commissioner of Social Services shall require a nursing 9 | |
| 34 | + | home or hospital to be free of any new ownership interests by private 10 | |
| 35 | + | equity companies or real estate investment trusts recorded on and after 11 | |
| 27 | 36 | October 1, 2025, in order to be eligible for Medicaid reimbursement in 12 | |
| 28 | 37 | the state for health care services. 13 | |
| 38 | + | Raised Bill No. 1480 | |
| 39 | + | ||
| 40 | + | ||
| 41 | + | ||
| 42 | + | LCO No. 5678 2 of 2 | |
| 43 | + | ||
| 29 | 44 | This act shall take effect as follows and shall amend the following | |
| 30 | 45 | sections: | |
| 31 | 46 | ||
| 32 | 47 | Section 1 October 1, 2025 New section | |
| 33 | - | Substitute Bill No. 1480 | |
| 34 | 48 | ||
| 49 | + | Statement of Purpose: | |
| 50 | + | To require hospitals and nursing homes in the state to be free of new | |
| 51 | + | private equity or real estate investment trust ownership interests | |
| 52 | + | recorded on and after October 1, 2025, to receive Medicaid | |
| 53 | + | reimbursement. | |
| 35 | 54 | ||
| 36 | - | LCO 2 of 2 | |
| 37 | - | ||
| 38 | - | Statement of Legislative Commissioners: | |
| 39 | - | In Subsec. (a), "provider" was changed to "nursing home or hospital" for | |
| 40 | - | internal consistency and clarity. | |
| 41 | - | ||
| 42 | - | HS Joint Favorable Subst. -LCO | |
| 55 | + | [Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, | |
| 56 | + | except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is | |
| 57 | + | not underlined.] | |
| 43 | 58 |