The bill amends the Insurance Provider Assessment Act by updating the language regarding the management and appropriation of funds within the insurance provider fund. Key changes include the requirement that all money received under the act "must" be deposited into the fund, rather than "shall." The bill also specifies that the fund must be administered by the department for auditing purposes and outlines the purposes for which the department can expend money from the fund, including payments to Medicaid managed care organizations and allocations to a health data utility for several fiscal years.

Additionally, the bill introduces new appropriations for the health data utility, specifying amounts for the fiscal years ending September 30, 2025, 2026, and 2027, with a provision for future adjustments based on the Consumer Price Index starting January 1, 2028. The remaining balance in the fund after appropriations must be transferred to a separate restricted account and can only be used as appropriated by the legislature. The bill also ensures that money in the fund at the end of the fiscal year must remain in the fund and not lapse to the general fund.

Statutes affected:
House Introduced Bill: 550.1763