Requires the Department of Health and Human Services, Division of Health Benefits (Division), to increase the Medicaid rates paid to physicians, physician assistants, certified nurse practitioners, specialty medical health care providers, and dental health providers, to be implemented as soon as practicable after July 1, 2024.

Appropriates $395 million in recurring funds for 2024-25 from the General Fund to the Division to implement the increase. Specifies how the funds are to be used, including providing a state match of federal funds.

Specifies that no modifications to the Medicaid program will be required to be maintained after the end of the 2024-25 fiscal year.

Effective July 1, 2024.