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Current as of January 01, 2024 | Updated by Findlaw Staff
(1) No stock or mutual insurance company (hereafter, insurance company) may require, as an element of any health care provider participation contract, that any provider agree:
(a) To the unnegotiated adjustment by the insurance company of the provider's contractual reimbursement rate to equal the lowest reimbursement rate the provider has agreed to charge any other payor;
(b) To a requirement that the provider adjust, or enter into negotiations to adjust, his or her charges to the insurance company if the provider agrees to charge another payor lower rates; or
(c) To a requirement that the provider disclose his or her contractual reimbursement rates from other payors.
(2) For the purposes of this section, “provider” means any physician, hospital, or other person licensed or otherwise authorized to furnish health care services in Idaho.
Cite this article: FindLaw.com - Idaho Statutes Title 41. Insurance § 41-2873. Best price--Most favored nations clause prohibited - last updated January 01, 2024 | https://codes.findlaw.com/id/title-41-insurance/id-st-sect-41-2873/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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