2003 Session

Budget Amendments - HB1400 (Committee Approved)

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Restore Inflation Adj. for FAMIS HMOs

Item 324 #1h

Item 324 #1h

First Year - FY2003 Second Year - FY2004
Health And Human Resources
Medical Assistance Services, Department of FY2003 $0 FY2004 $955,234 GF
FY2003 $0 FY2004 $1,781,041 NGF

Page 308, line 13, strike "$54,440,764" and insert "$57,177,039".
Page 310, after line 50, insert:
"N.  Out of this appropriation, $955,234 from the general fund and $1,781,041 from nongeneral funds shall be provided to managed care organizations for fiscal year 2004 inflation adjustments.  The inflation adjustment provided to managed care organizations on July 1, 2003, shall be calculated in a manner to assure that the increase in payments does not exceed the funding provided in this amendment."

(This amendment restores 50 percent of the funding which was reduced for managed care organizations in House Bill 1400, as introduced. The funds will provide an inflation adjustment in fiscal year 2004 of approximately five percent.)