July 14, 2021Bankruptcy Slowdown Prompts Lawyers to Pivot to Transactions and Litigation
July 2, 2021
We are officially at the midway point of 2021. And soon, lawmakers will reach six months since the start of North Carolina’s 155th legislative session. Since convening on Jan. 13th, 65 bills have been sent to Gov. Roy Cooper for his signature. Of this number, 43 have been signed into law, 18 are pending, as they await the governor’s signature, three have been vetoed, and one has been enacted into law without the governor’s signature. During an active legislative session, if the governor takes no action on an enrolled bill presented from the General Assembly, he/she has 10 days to act. After the adjournment of an active legislative session, the timeframe is extended to 30 days for action by the governor. After the bill is enacted, it’s no longer called a bill, but rather published as “Session Law.” Below are links to bills signed into law thus far in 2021, those still within the 10-day waiting period for Gov. Cooper’s signature, the list of those the governor has vetoed, and the sole bill as of July 1 that has been enacted without the governor’s signature.
After years of delays, North Carolina’s Medicaid program has finally transitioned to a managed care system — becoming the last large state to do so. Starting July 1, the state’s Medicaid system will be operated as a managed care program, essentially privatizing a system that once relied on the government paying medical providers directly based on how many procedures were performed. Under the new system, the state will pay five health insurance companies $30 billion over the next five years to deliver healthcare to roughly 1.6 million people eligible for Medicaid in North Carolina. The system is designed to control costs, make budgeting easier and more accurate, and improve health outcomes by paying based on results instead of procedures and tests.
Electronic cigarette giant Juul Labs Inc. will pay $40 million to North Carolina and take more action to prevent underage use and sales, according to a landmark legal settlement announced on Monday after years of accusations that the company had fueled an explosion in teen vaping. A state judge accepted the first-of-its-kind agreement with a state. North Carolina Attorney General Josh Stein had sued Juul, accusing it of employing unfair and deceptive marketing practices that targeted young people to use its vaping products, which deliver addictive nicotine. As part of the agreement, Juul will not advertise to anyone under 21 in North Carolina and will limit sale amounts of Juul products online to any state residents. It will also sell its products only behind counters at retailers that have ID scanners to ensure customers are of age.
The N.C. legislature will not be in session next week, therefore there will not be an Old North State Report on Friday, July 9th. We wish you a very happy 4th of July holiday!
These materials have been prepared for informational purposes only and are not legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Internet subscribers and online readers should not act upon this information without seeking professional counsel.