FILE NO. 488
Summary
The bill directs the Commissioner of Social Services to increase Medicaid reimbursement rates, phasing them in by June 30 2029 so they reach at least 75% of current Medicare rates or a comparable five‑state benchmark for services without Medicare rates. After that date, rates must be adjusted each year using Medicare rates, the five‑state benchmark, or the Medicare Economic Index. An oversight council must review the rates annually and report recommendations to the legislature.
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