The proposed bill, General Assembly Proposed Bill No. 1048, aims to enhance health care access and affordability for all residents of the state. Key provisions of the bill include increasing Medicaid reimbursement rates, addressing issues related to medical debt, and regulating pharmacy benefit management practices. Additionally, the bill seeks to educate the public on the adverse effects of vertical integration within the health care system and to limit prior authorization practices. It also proposes regulations on private equity acquisitions of hospitals and health care centers.

The bill does not specify any deletions from current law but introduces several new measures to improve the health care landscape. By focusing on these areas, the legislation intends to ensure that all state residents have access to affordable and quality health care services.