This bill amends the annual appropriations act for the fiscal year ending June 30, 2025, by adding provisions that authorize the transfer of General Fund appropriations from licensed health care entities to the Division of Medical Assistance and Health Services. The purpose of this transfer is to maximize federal Medicaid payments specifically for faculty physicians and non-physician professionals associated with these licensed hospitals or health care entities. The transfers will be conducted in accordance with guidelines set by the Centers for Medicare and Medicaid Services and will require the approval of the Director of the Division of Budget and Accounting.

The bill aims to enhance the Medicaid Access to Physician Services (MAPS) program, which was established to improve access to primary and specialty care for Medicaid beneficiaries following the expansion of Medicaid under the Affordable Care Act. By allowing these transfers, the bill seeks to ensure that reimbursement rates for services provided by physician practices affiliated with public medical and dental schools in New Jersey are competitive with those offered by private insurers. The act is set to take effect immediately upon passage.