Establishes cap on amount that hospital can charge patients for laboratory services to 150% of Medicare.

This bill caps hospital charges for laboratory services at 150% of the federal Medicare payment rate for most patients in New Jersey. It directly affects patients receiving lab services at licensed hospitals, prohibiting charges above this threshold - except for the existing 115% cap under P.L.2008, c.60, which still applies to uninsured patients with family income under 500% of the federal poverty level. The key provision requires hospitals to charge no more than 150% of Medicare’s rate for all lab services, aligning with existing rules for low-income uninsured patients but expanding the cap to all others. The bill takes immediate effect and applies to all licensed hospitals in the state.