The proposed bill, H.B. No. 2025-2026, aims to enact new sections of the Revised Code that prohibit certain health care entities from being under common ownership. Specifically, it establishes that individuals cannot simultaneously own both a health plan issuer or pharmacy benefit manager and a health care provider or management services organization. Additionally, it prohibits ownership of wholesale distributors of dangerous drugs or medical devices alongside health care providers or management services organizations. The bill outlines exceptions for entities that provide services exclusively to individuals outside of Ohio and provides a timeline for existing entities in violation of these provisions to either divest or cease operations within the state.

Furthermore, the bill creates a health care conglomerate separation fund to manage funds collected from disgorgement orders related to violations of these ownership restrictions. It mandates the Secretary of State to develop compliance guidelines and prepare a report assessing the impact of these prohibitions on competition and public interests within fifteen months of the bill's effective date. The report will include details on affected individuals and entities, their chosen course of action regarding divestiture or cessation of services, and an evaluation of the overall effects on the health care system.