This bill proposes the repeal of the Nebraska Health Care Certificate of Need Act, along with the elimination of various obsolete provisions related to it. Specifically, it amends sections 71-20,103 and 71-20,105 of the Reissue Revised Statutes of Nebraska, and outright repeals numerous sections that are no longer relevant. The bill aims to streamline the regulatory process by removing the requirement for a certificate of need for hospital acquisitions, thereby simplifying the application process for such transactions.

Additionally, the bill introduces new definitions and clarifications, such as the definition of "Person," which now includes a broader range of entities, including individuals, corporations, and governmental entities. The amendments also adjust the application process for hospital acquisitions, allowing for a more efficient review by the Department of Health and Human Services and the Attorney General without the need for a separate certificate of need application. Overall, the bill seeks to modernize and harmonize health care regulations in Nebraska.