HB0057

Summary for LSO115 Bill No.: HB0057 Effective : 7/1/2016 LSO No.: 16LSO-0259 Enrolled Act No.: HEA No. 0024 Chapter No.: 93 Prime Sponsor: Joint Labor, Health & Social Services Interim Committee Catch Title: Upper payment limit program-private hospitals. Subject: Provides increased Medicaid reimbursements for private hospitals who pay into a state fund which is used to obtain matching fu nds from the federal government Summary/Major Elements: This bill establish es the Private Hospital Assessment Act. The Act require s the Department of Health to seek a state Medicaid plan amendment which will require all private hospitals to pay an assessment into a fund maintained by the state . Monies in the fund will be used to obtain matching funds from the federal government which, in turn, will be combined with the original assessments and returned to private hospitals in the form of increased Medicaid reimbursements. Distributions back to private hospitals will be made in an amount necessary to comp ensate private hospitals up to the “ upper payment limit ” set by applicable federal law. The payment s made to private hospitals are labeled “ quart erly adjustment payment s .” The amount of the assessment imposed on each private hospital is based on each hospital’ s net patient revenue. T he bill , however, sets limits on the amount of the assessment that can be imposed. The Department of Health is allowed to collect up to 1% of the paid assessments for administrative expenses. The bill provides penalties for a failure to pay the required assessment . Comments: Thi s bill creates a major new program, the Private Hospital Assessment Act. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill .