ALL-PAYER HEALTH CARE PAYMENT

Summary

The bill creates the Illinois Health Care Cost and Payment Board, which will set standardized reimbursement rates for all commercial insurers and assign each hospital a prospective global budget that covers all inpatient and outpatient services. It is intended to slow health‑care cost growth, reduce administrative waste, and give hospitals predictable funding, especially in rural and safety‑net areas.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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