Establishes minimum Medicaid reimbursement rates for certain ambulance transportation services.

This bill sets a minimum $300 payment rate per basic life support emergency ambulance transport under New Jersey's Medicaid program, increasing from the current $58 rate. It also establishes a minimum $8.94 per loaded mile reimbursement for ground ambulance mileage, with annual adjustments tied to the Medicare rate. The changes apply to all Medicaid-covered emergency transports starting July 1, 2024, affecting ambulance providers serving Medicaid patients. The law requires the state to update Medicaid rules and seek federal approval for these reimbursement changes.