Provides for rates for residential health care facilities

This bill updates how New York State sets payment rates for residential health care facilities (like nursing homes). It requires the state to adjust rates using specific components - direct/indirect price changes, facility-specific costs - and mandates updates by April 1, 2026, and every five years after. Special rate provisions apply to facilities providing specialized care (e.g., for brain injury rehab, AIDS units, or pediatric services), with inflation adjustments starting in 2026. The bill also creates a workgroup of experts to advise on rate-setting and includes funding mechanisms to support facility quality improvements.