Applicability.

The procedures established by this act shall apply to: (1) any termination of contracts between hospital plan corporations and hospitals hereafter occurring; and (2) any contracts between hospital plan corporations and hospitals under which subscribers received prepaid benefits on or after June 30, 1974 if such hospital plan corporations and hospitals were governed by contracts subject to 40 Pa.C.S. Chap. 61 (relating to hospital plan corporations) or corresponding provisions of law on June 30, 1964 and substantially continuously thereafter to and including June 30, 1974. Such contracts, if terminated, shall be reinstated as of their original termination and may be terminated hereafter only pursuant to the provisions of this act. Explanatory Note. Act 94 added section 6124(c) of Title 40.