SB 737

Requires the Department of Health and Human Services, Division of Health Benefits (Division), to amend the Medicaid State Plan to set and adjust rates for all services provided by licensed ambulatory surgical centers so that these services are reimbursed at a rate of at least 95% of the Medicare Ambulatory Surgical Centers fee schedule in effect as of January 1 of each year, as published by the Centers for Medicare and Medicaid Services (CMS). Specifies that the initial rate adjustments are effective on the effective date approved by CMS for the State Plan amendment.