This 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. Notably, it establishes specific appropriations for Medicaid managed care organizations and health data utilities for the upcoming fiscal years, including adjustments based on the Consumer Price Index starting in 2028.

Additionally, the bill modifies the language concerning the remaining balance of the fund, stating that it "must" be transferred to a separate restricted account and used only as appropriated by the legislature. It 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. The enactment of this bill is contingent upon the passage of related legislation in the 103rd Legislature.

Statutes affected:
Substitute (H-1): 550.1763
House Introduced Bill: 550.1763