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FL H1449
Bill
Status
Failed
3/14/2022
Primary Sponsor
Kaylee Tuck
Click for details
AI Summary
- Restrictive covenants in employment agreements between physicians and hospitals are deemed not supported by a legitimate business interest if they do not include an option for the physician to buy out of the covenant at a reasonable price
- Either party to the employment agreement may elect to have a mutually agreed upon arbitrator determine a reasonable buyout price, with the arbitrator's decision being binding
- Retains existing law voiding restrictive covenants on physicians practicing a medical specialty in a county where one entity employs or contracts with all physicians in that specialty, and extends the void period for 3 years after a second entity begins offering that specialty in the county
- The Legislature finds that restrictive covenants without a buyout option limit patient access to physicians and increase costs, rendering such covenants void and unenforceable
- Applies to restrictive covenants entered into on or after July 1, 2022
Legislative Description
Invalid Restrictive Covenants in Health Care
Last Action
Died in Finance & Facilities Subcommittee
3/14/2022
Committee Referrals
Finance and Facilities Subcommittee1/16/2022
Full Bill Text
No bill text available