Requires SHBP and SEHBP to implement referenced based pricing program and bundled payment program.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill requires the State Health Benefits Program (SHBP) and the State Employees Health Benefits Program (SEHBP) to implement two new healthcare pricing programs: a referenced-based pricing program and a bundled payment program. The referenced-based pricing program aims to align healthcare costs with market rates, while the bundled payment program seeks to coordinate care for specific conditions and reduce overall costs. These changes are intended to improve healthcare value and affordability for public employees and retirees.
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