NJ A5273

Creates a new "graduate physician" license for medical school graduates who have completed one year of clinical practice hours and passed Step 2 of medical licensing exams but have not completed a residency program

Restricts graduate physicians to providing primary care services only in medically underserved areas under a collaborative practice arrangement with a supervising physician who must review at least 10% of patient charts every 14 days

Allows graduate physicians to prescribe Schedule III-V controlled substances and limited Schedule II medications (hydrocodone only, 5-day supply), as well as authorize qualifying patients for medical cannabis use

Limits each collaborating physician to supervising no more than six full-time equivalent graduate physicians, physician assistants, or advanced practice nurses combined

Requires health insurers, Medicaid, NJ FamilyCare, and state employee health benefits programs to reimburse graduate physicians at the same rate as comparable mid-level providers such as physician assistants