The bill amends several sections of the General Laws related to health insurance rates for insurance companies. Key provisions include prohibiting insurance companies from paying a rate that is less than the approved Medicaid rate set by the executive office of health and human services. The bill applies to all insurance companies, including those that merge with or acquire significant control over non-profit hospital service corporations, non-profit medical service corporations, or health maintenance organizations.

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

Statutes affected:
791: 27-18-54, 27-19-30.1, 27-20-25.2, 27-41-27.2