The bill, known as the "Keep Our Care Act," aims to enhance oversight and transparency in health care transactions in Washington State, particularly in response to the challenges posed by the COVID-19 pandemic. It mandates that the Attorney General be notified of all material health care transactions, which include mergers and acquisitions, to ensure that these changes do not adversely affect access to quality care, especially for marginalized communities. Key provisions include a 120-day notice period before any material change transaction takes effect, the requirement for detailed documentation regarding the nature and impact of these transactions, and the establishment of health equity assessments conducted by independent contractors.

Additionally, the bill outlines the Attorney General's authority to review and potentially disapprove transactions that do not meet specified criteria aimed at preserving affordable health care access. It establishes a review board to evaluate compliance with the new requirements and allows for public hearings to engage community input. The legislation also includes penalties for non-compliance and reinforces the Attorney General's investigative powers under existing antitrust laws. The act is set to take effect on January 1, 2024, while maintaining the existing expiration date of July 1, 2025.

Statutes affected:
Original Bill: 19.390.010, 19.390.020, 19.390.030, 19.390.040, 19.390.050, 19.390.080, 19.390.070