Establishes minimum NJ FamilyCare reimbursement rate for certain out-of-state hospitals that provide services to NJ FamilyCare pediatric beneficiaries.

This bill establishes a minimum reimbursement rate of 125% of the Medicaid fee-for-service rate for out-of-state hospitals that provide services to 10,000 or more unique NJ FamilyCare pediatric beneficiaries annually. It directly affects hospitals in other states that serve a significant number of New Jersey's pediatric Medicaid patients. The key provision requires these hospitals to be reimbursed at a rate 25% higher than the standard Medicaid rate in the state where the hospital is licensed. This policy change aims to ensure adequate reimbursement for out-of-state hospitals providing pediatric care to NJ FamilyCare beneficiaries.