2016 Session

Budget Amendments - SB30 (Committee Approved)

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Capture Funding from Suspension of Federal Insurance Tax

Item 306 #4s

Item 306 #4s

First Year - FY2017 Second Year - FY2018
Health and Human Resources
Department of Medical Assistance Services FY2017 $0 FY2018 ($25,956,371) GF
FY2017 $0 FY2018 ($25,956,371) NGF

Page 250, line 34, strike "$11,552,255,000" and insert "$11,500,342,258".


(This amendment reduces funding for the Medicaid program to reflect the suspension of the Affordable Care Act's tax on medical insurance companies. The excise tax began in 2014 and is allocated based on market share. The federal Consolidated Appropriations Act, 2016 (Pub. L. 114-113), was signed into law on December 18, 2015. This act suspended the tax for one year. The tax impacts Virginia because the contracted managed care companies that serve Medicaid clients are subject to the tax, which is passed on to the state Medicaid program in the monthly rates paid to the companies.)