The bill amends several sections of the General Laws related to health insurance rates for insurance companies. A key provision of the bill prohibits these companies from paying a rate that is less than the approved Medicaid rate for behavioral health services, as set by the executive office of health and human services. The bill also requires companies to submit an accounting of their cost structure to the commissioner of insurance at least thirty days before implementing any new rates.

Additionally, the bill removes previous language that allowed companies to file proposed rates for review or approval with state agencies and to charge rates that reflect contributions made to charitable foundations. This change aims to ensure that insurance companies adhere to the established Medicaid rates for behavioral health services. The act is set to take effect on January 1, 2027.

Statutes affected:
2108: 27-18-54, 27-19-30.1, 27-20-25.2, 27-41-27.2
2108  as amended: 27-18-54, 27-19-30.1, 27-20-25.2, 27-41-27.2