CA AB515

Authorizes the Department of Health Care Services to reduce interest rates on unrecovered Medi-Cal overpayments as part of repayment agreements with providers.

Requires the department to consider four factors when reducing interest rates: the provider's importance to the local health care safety net, impact on provider fiscal solvency, provider ability to repay, and impact of interest charges on provider finances.

Maintains the standard interest rate on unrecovered overpayments at the monthly average received on investments in the Surplus Money Investment Fund or 7% simple interest per annum, whichever is higher, commencing 60 days after the first statement or demand for repayment.

Preserves existing provisions for providers who prevail in appeals to receive interest compensation at the same rate as unrecovered overpayments.