An act relating to health insurance reimbursement rate parity

This bill requires health insurers in Vermont to pay advanced practice registered nurses and physician assistants the same reimbursement rates as physicians for identical services. It mandates that insurers cannot pay these non-physician providers less than in-network physicians for the same care, while also prohibiting insurers from lowering physician rates to comply with the new parity rules. The Department of Financial Regulation must submit a report by January 15, 2026, detailing how many insurers and providers were affected by the rate changes and the costs of implementation. The legislation takes effect on January 1, 2025, and directly impacts health insurance companies and healthcare providers in the state.