HB348 Summary

• Extends the private hospital assessment and Medicaid funding program from fiscal year 2017 through fiscal year 2018, with automatic termination on September 30, 2018 unless further extended.

• Imposes a 5.50 percent assessment on privately operated hospitals based on fiscal year 2014 net patient revenue, with quarterly payments due during the first 15 business days of each quarter.

• Increases total intergovernmental transfers (IGTs) from public and state-owned hospitals from $324,858,765 to $333,434,048 for fiscal year 2018, calculated on a pro-rata basis.

• Clarifies that Certified Public Expenditures (CPE) by publicly and state-owned hospitals include both costs of providing Medicaid care and uncompensated care amounts.

• Establishes conditions for program termination and refunds to hospitals if federal matching funds become unavailable, Medicaid payment rates are reduced, or the assessment is deemed impermissible under federal law.