Not necessarily. The technology is real, and like all tools can confer great benefits or do harm. The bill is based on a Wisconsin law that does the same thing, 2005 Public Act 482. The background on the issue and that law is ably presented by that state's Legislative Reference Bureau, here: www.legis.state.wi.us/lrb/pubs/Lb/06Lb13.pdf
"From that document: In October 2004, the
U.S. Food and Drug Administration (FDA) cleared a radio frequency identification (RFID) microchip for medical use in humans. The technology used by VeriChip allows a hospital with a special scanner to read a unique medical identification
code in the microchip. Medical personnel can then input that code into a computer database
and quickly locate medical records for a patient. This could save precious time during an emergency or reduce risks when treating a patient with dementia."
The document goes on to describe health, privacy and civil liberties concern.