Health carriers offering reference-based pricing health plans authorization

This bill allows Minnesota health insurance carriers to offer reference-based pricing health plans, where the carrier sets a fixed price for each medical service (based on Medicare rates or market rates) instead of negotiating with providers. Enrollees in these plans can access any provider who agrees to accept the set price as full payment, with carriers required to offer identical terms to all participating providers. The bill exempts such plans from standard network adequacy rules if reimbursement rates are at least 120% above Medicare rates and the plan is offered statewide. It does not require providers to join these plans or force carriers to cover specific services.