Impose additional requirements on non-profit hospitals. Impose a tax of $50,000 per year for failure to meet these requirements.

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Increase workforce supply and support training of health professionals through scholarships and loans.

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Establish the Workforce Advisory Committee to develop a national workforce strategy.

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Establish a commissioned Regular Corps and a Ready Reserve Corps for service in time of a national emergency.

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Support comparative effectiveness research by establishing a non-profit Patient-Centered Outcomes Research Institute.

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Authorize the Food and Drug Administration to approve generic versions of biologic drugs and grant biologics manufacturers 12 years of exclusive use before generics can be developed.

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Require the Secretary of HHS to issue regulations to establish a process for public notice and comment for section 1115 waivers in Medicaid and CHIP.

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Increase the Medicaid drug rebate percentage for brand name drugs to 23.1% (except the rebate for clotting factors and drugs approved exclusively for pediatric use increases to 17.1%); increase the Medicaid rebate for non-innovator, multiple source drugs to 13% of average manufacturer price; and extend the drug rebate to Medicaid managed care plans.

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Creates a new option for states to provide CHIP coverage to children of state employees eligible for health benefits if certain conditions are met.

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