Relating to a tax on managed care organizations

Summary

The law adds a broad‑based health‑care tax on every certified health‑maintenance organization operating in the state. It charges 2.5% of the HMO’s gross premiums each quarter, replacing the previous member‑month system, and excludes certain federal and state employee plans. The tax only takes effect after federal approval and will be void if the Centers for Medicare & Medicaid Services disallow it.

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