MA H3947

Amends Section 19A of Chapter 175 of the General Laws to establish new procedural requirements for health-related insurance company mergers and consolidations

Requires merger agreements to be on file with the Division of Insurance for at least 60 days before the commissioner can act on them

Mandates that copies of merger agreements be provided to the Attorney General, Center for Health Information and Analysis, Health Policy Commission, Executive Office of Health and Human Services, and Office of Medicaid, with reasonable opportunity to comment

Requires a public hearing on the merger when requested by the applicant, any of the listed state agencies, or any 10 taxpayers of the commonwealth

Applies to mergers involving accident/health insurers, nonprofit hospital and medical service corporations, dental and optometric service corporations, HMOs, preferred provider arrangements, and health/dental benefit plans; emergency situations requiring immediate action to prevent public health damage are exempt