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 medical debt, and regulating pharmacy benefit management practices. Additionally, the bill seeks to educate the public on the adverse effects of vertical integration in the health care system and to limit prior authorization practices while also regulating the private equity acquisition of hospitals and health care centers. The overarching goal of the bill is to ensure that all state residents have access to affordable and quality health care. By implementing these changes, the bill aims to alleviate financial burdens associated with medical expenses and improve the overall efficiency and fairness of health care delivery in the state.