This bill amends the Fiscal Year 2025 Appropriations Act by adding provisions that authorize the transfer of General Fund appropriations from licensed hospitals or 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 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 financial support for health care providers under the Medicaid Access to Physician Services (MAPS) program, which was established to improve access to primary and specialty care services for Medicaid beneficiaries. 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, thereby improving the overall quality of care for Medicaid recipients.