HI SB308

Establishes an annual inflationary adjustment to long-term care facilities' provider-specific prospective payment rates for Medicaid recipients beginning in fiscal year 2017-2018.

The inflation adjustment factor shall be the reimbursement rate approved by the federal government in the Medicaid state plan.

Appropriates unspecified sums from general revenues for fiscal years 2017-2018 and 2018-2019 to fund the inflationary adjustments to long-term care facilities.

Addresses financial challenges facing long-term care facilities in Hawaii, which experienced approximately $16,000,000 in Medicaid shortfalls in 2015 due to reimbursement rates not covering actual care costs.