Capture Hospital Rebasing Savings - Medicaid CHIP Program

Item 308 #1c

Language
Page 274, line 51, strike "$131,779,965" and insert "$130,888,951".
Page 274, line 51, strike "$134,572,155" and insert "$133,539,648".

Explanation

(This amendment reduces funding by $106,922 the first year and $123,901 the second year from the general fund and $784,092 the first year and $908,606 the second year from Medicaid matching funds for the Medicaid Children's Health Insurance Program to reflect lower hospital rates based on the rebasing methodology. Hospital rates are rebased every three years to ensure the prospective rate methodology is based on more current cost information. The latest rebasing calculations reflect a rate reduction. The introduced budget reflected savings in the Medicaid program but not the other medical assistance programs that are also impacted.)