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 to the average payment rates in Massachusetts and Connecticut by 2027.