Health Care - As enacted, creates the advisory task force on state reimbursement rates to make recommendations on annual adjustments to the reimbursement rates paid to agencies that perform healthcare functions and services, the purpose of which is to ensure such reimbursement rates are adequate. - Amends TCA Title 4; Title 62 and Title 63.

SB 321 creates an advisory task force to review and recommend annual adjustments to state reimbursement rates paid to healthcare providers under state contracts. The task force, composed of 6 appointed members (3 by each legislative chamber, representing health professions) plus agency representatives, will assess whether reimbursement rates cover agencies' costs, staff salaries, and administrative expenses for frontline healthcare workers. It must submit annual recommendations by August 1, starting in 2026, focusing on ensuring rates are adequate to support quality care for vulnerable populations. This bill directly affects state-contracted healthcare agencies and providers who serve Medicaid and other state-funded programs.