AN ACT RELATING TO INSURANCE -- HEALTHCARE ACCESSIBILITY AND QUALITY ASSURANCE ACT

This bill prohibits healthcare companies from unilaterally changing important terms in contracts with healthcare providers while the contracts are still active. It directly affects health plans and healthcare providers by requiring mutual written agreement for any contract changes or allowing changes only when required by state or federal law. The law defines material terms to include reimbursement rates, payment schedules, coverage rules, and quality requirements, ensuring providers have stability during contract periods. Any proposed changes not mandated by law must be given at least 90 days notice before a contract renewal takes effect.