HB 20-1362 Summary

• Caps the general fund portion of nursing facility per diem reimbursement rates to an annual increase of 2% for fiscal years 2020-21 and 2021-22.

• Reduces the general fund appropriation to the Department of Health Care Policy and Financing for medical services premiums by $3,288,230 for the 2020-21 fiscal year.

• Bases the appropriation reduction on an anticipated $3,722,921 decrease in federal funds for medical services premiums in the 2020-21 fiscal year.

• Includes a safety clause declaring the act necessary for immediate preservation of public peace, health, or safety.