MEDICAID: Provides for Medicaid reimbursement rate increases. (8/1/24) (EN NO IMPACT See Note)

This bill directs the state Medicaid department to create a plan for increasing reimbursement rates for healthcare providers, specifically requiring that physician rates match 100% of Medicare rates. The legislation mandates that this plan, along with estimated implementation costs, be submitted to specific state legislative committees by November 1, 2024. While the bill outlines the requirement for rate adjustments, it does not set a specific timeline for when these new rates must take effect.