This bill aims to ensure the financial stability of health systems, physicians, advanced practice providers, and insurers while advancing health equity. It defines a competitive healthcare region including Massachusetts, Rhode, Island, and Connecticut, and establishes reporting requirements for regional average rates based on care providers in Massachusetts and Connecticut. By 2027, the bill mandates a regional parity floor, ensuring payment rates for medical providers are equivalent to average payment rates in Massachusetts and Connecticut.

This bill aims to protect the financial stability of health systems, physicians, advanced practice providers, and insurers in the states of Massachusetts, Rhode Island, and Connecticut. It proposes fair treatment of hospitals, ensures a sufficient clinical workforce, and promotes health equity. The bill defines these three states as a competitive healthcare region and mandates reporting of a regional average rate based on hospitals, physicians, and advanced practice providers in Massachusetts and Connecticut. It also establishes a regional parity floor to be attained over a three-year span, ensuring that healthcare providers are paid rates comparable [...]