|
State Impact:
This bill repeals the nursing facility assessment. This will decrease revenue by approximately $4.4 million in "State" funds, which are currently used to draw down
federal Medicaid matching funds. With the loss of the $4.4 million, the State will lose an additional $10.3 million federal funds. Unless the $4.4 million is
replaced, appropriations for the Medicaid program will decrease by $14.7 million.
The bill also appropriates $1.3 million (one-time in FY 2002) from the restricted account, which will leave a one-time balance of approximately $1.6 million to lapse to
the General Fund.
| Funding Source |
FY 02
Approp. |
FY 03
Approp. |
FY 02
Revenue |
FY 03
Revenue |
|
General Fund
|
$0
|
$0
|
$1,600,000
|
$0
|
|
Federal Funds
|
($10,319,000)
|
($10,319,000)
|
($10,319,000)
|
($10,319,000)
|
|
Restricted Funds
|
($4,422,400)
|
($4,422,400)
|
($4,422,400)
|
($4,422,400)
|
|
Restricted Funds
|
$1,300,000
|
$0
|
$0
|
$0
|
| TOTAL |
($13,441,400)
|
($14,741,400)
|
($13,141,400)
|
($14,741,400)
|
Individual and Business Impact:
Nursing facilities will save approximately $668 annually per bed. This savings may be passed on to the residents, and if so, would lower their costs for nursing
facility care.
Office of the Legislative Fiscal Analyst
1/24/2001 3:05:49 PM
|
