TennCare - As introduced, directs the first $150 million of tax revenue generated by the health maintenance organization tax on or after July 1, 2026, to be utilized to draw down federal funds to reimburse a physician, advanced practice registered nurse, or physician assistant who is entitled to receive TennCare reimbursement for a CPT code for evaluation and management, obstetrics and gynecology, or anesthesia. - Amends TCA Title 56; Title 63; Title 68 and Title 71.

HB 2046 directs the first $150 million in health insurance tax revenue (starting July 2026) to access federal matching funds for specific healthcare providers. It will reimburse physicians, nurse practitioners, and physician assistants who provide services like office visits, women’s health care, or anesthesia under TennCare. Reimbursement will cover up to 110% of Medicare rates for these services. This applies to TennCare payments for care provided on or after July 2026.