The bill, introduced by Senator Boudreaux, enacts a new section, R.S. 46:460.76.1, which mandates the Louisiana Department of Health to develop a plan to increase Medicaid reimbursement rates for physicians to match one hundred percent of Medicare rates. The plan will prioritize reimbursement for primary care, obstetric care, non-specialty mental health, substance use disorder, family planning, and women's health services. It will also include specific procedure codes for evaluation and management, preventative services, care management, obstetric services, and non-specialty mental health services, with an estimated implementation cost for Fiscal Year 2025-2026 and incremental increases through Fiscal Year 2027-2028.

Additionally, the bill requires the Department of Health to calculate equivalent rate increases for physician services that lack established Medicare rates. The completed plan must be submitted to the Senate Committee on Health and Welfare, the Senate Committee on Finance, the House Committee on Health and Welfare, and the House Committee on Appropriations by November 1, 2024.