establishing multiple-caregiver self-insured risk coverage arrangements for nonprofit and for-profit providers and servicers.

Summary

The bill authorizes the establishment of self‑insured risk coverage arrangements that allow multiple caregivers to share financial risk for services provided by both nonprofit and for‑profit entities. It applies to providers and servicers that use multiple caregivers, aiming to improve their financial stability and continuity of care. The measure was signed into law and will become effective on July 1, 2027.

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