The bill amends several sections of the General Laws related to health insurance rates for insurance companies. It specifically prohibits insurance companies from paying a rate that is less than the approved Medicaid rate set by the executive office of health and human services. This new requirement is inserted into multiple sections, including 27-18-54, 27-19-30.1, 27-20-25.2, and 27-41-27.2.

The act is set to take effect on January 1, 2026.

Statutes affected:
5621: 27-18-54, 27-19-30.1, 27-20-25.2, 27-41-27.2