Fiscal Note
HB0366 - Medicaid Long Term Care Amendments
State Impact:
This Legislation changes the reimbursement formula for nursing care facilities serving Medicaid clients. The new formula would save the state approximately ($11,624,000) in General Fund Restricted monies and ($28,376,000) Federal Funds for a total savings of ($40,000,000) in FY 2009 and FY 2010.
| Funding Source | FY 2008 Approp. | FY 2009 Approp. | FY 2010 Approp. | FY 2008 Revenue | FY 2009 Revenue | FY 2010 Revenue |
| General Fund Restricted | $0 | ($11,624,000) | ($11,624,000) | $0 | $0 | $0 |
| Federal Funds | $0 | ($28,376,000) | ($28,376,000) | $0 | $0 | $0 |
| Total | $0 | ($40,000,000) | ($40,000,000) | $0 | $0 | $0 |
Individual, Business and/or Local Impact:
The savings to the state represent lower payments to those businesses serving nursing home Medicaid clients. Enactment of this bill likely will not result in direct, measurable costs and/or benefits for individuals or local governments.
| 2/12/2008, 2:27:13 PM, Lead Analyst: Frandsen, R. | Office of the Legislative Fiscal Analyst |