Rhode Island S2108 prohibits insurance companies from paying rates less than the approved Medicaid rate set by the executive office of health and.

Rhode Island S2108 amends the state's General Laws to prohibit insurance companies from paying rates less than the approved Medicaid rate set by the executive office of health and human services. The bill applies to insurance companies that merge with, acquire ownership or control of, or otherwise acquire control of certain nonprofit entities. Companies must submit a cost structure accounting to the commissioner of insurance before implementing any rate. The changes will take effect on January 1, 2027.

Rhode Island S2108 prohibits insurance companies from paying rates less than the approved Medicaid rate set by the executive office of health and.

Rhode Island S2108 amends the state's General Laws to prohibit insurance companies from paying rates less than the approved Medicaid rate set by the executive office of health and human services. The bill applies to insurance companies that merge with, acquire ownership or control of, or otherwise acquire control of certain nonprofit entities. Companies must submit a cost structure accounting to the commissioner of insurance before implementing any rate. The changes will take effect on January 1, 2027.