Allows Medicaid accountable care organizations to purchase experience-rated health insurance for their members.

This bill amends the insurance law to allow Medicaid accountable care organizations to purchase experience-rated health insurance for their members. The organizations must meet specific criteria, including having at least 150 member employers, insuring over 500 individuals, and each employer being enrolled as a provider in the state's Medicaid program. The bill also specifies that if a group includes one or more member small group employers eligible for coverage, they must be classified as small groups for rating purposes. The changes take effect 180 days after the bill becomes law.

Allows Medicaid accountable care organizations to purchase experience-rated health insurance for their members.

This bill amends the insurance law to allow Medicaid accountable care organizations to purchase experience-rated health insurance for their members. The organizations must meet specific criteria, including having at least 150 member employers, insuring over 500 individuals, and each employer being enrolled as a provider in the state's Medicaid program. The bill also specifies that if a group includes one or more member small group employers eligible for coverage, they must be classified as small groups for rating purposes. The changes take effect 180 days after the bill becomes law.