Language Page 404, after line 38, insert:Page 404, after line 38, insert:"Out of this appropriation, $50,000,000 the first year and $138,000,000 the second year from the general fund shall be transferred to the Virginia Health Reform and Innovation Fund."
Explanation(This amendment sets aside $50 million in funding in the first year and $138 million in funding the second year from general fund savings resulting from the implementation of Marketplace Virginia into a reserve fund created by an amendment to Item 4-14.00 of this Act. The fund shall be used for grants up to $3.5 million annually for health innovation activities. When general fund spending for Marketplace Virginia exceeds savings, the reserve fund shall be used to pay for the costs of closing the coverage gap.)