An Act relative to stabilizing the Commonwealth's nursing facilities

This bill aims to stabilize nursing facilities in Massachusetts by adjusting how the state calculates Medicaid payment rates. It requires the Department of Health and Human Services to use specific inflation data and past cost reports to set annual rates, ensuring payments keep pace with rising expenses. The legislation also mandates a 10% increase for nursing labor costs and guarantees a minimum 5% rate boost for homes serving a majority of Medicaid patients. Additionally, it sets a floor for capital payment rates related to facility conversions starting in October 2024.