The bill aims to revise Medicaid reserve funding laws by establishing the Medicaid Stabilization Reserve Account and revising the allocation of reversions for Medicaid. It includes provisions that limit appropriations from and the use of this account, ensuring that funds are specifically designated for state Medicaid matching funds. The bill mandates that within 12 months of the end of each fiscal year, 50% of any state general fund appropriations for Medicaid that would otherwise revert to the general fund must be transferred to the Medicaid Stabilization Reserve Account, with the remaining 50% going to the budget stabilization reserve fund. If the budget stabilization reserve fund reaches its statutory limit, all reversion funds will be directed to the Medicaid account.

Additionally, the bill provides for a fund transfer of $6 million from the capital developments long-range building program account to the Medicaid Stabilization Reserve Account by June 30, 2025, and includes an appropriation of $50,000 from the general fund to the Department of Public Health and Human Services for state Medicaid matching funds for the biennium beginning July 1, 2025. The bill also specifies that it will apply to Medicaid appropriations for fiscal year 2025 and subsequent years, and it will take effect immediately upon passage and approval.

Statutes affected:
LC Text: 53-6-151
HB0880_1(1): 53-6-151
HB0880_1(2): 53-6-151
HB0880_1(3): 53-6-151
HB0880_1(4): 53-6-151
HB0880_1(5): 53-6-151
HB0880_1: 53-6-151
HB0880_2(1): 17-7-130, 53-6-151
HB0880_2(10): 53-6-151
HB0880_2(11): 53-6-151
HB0880_2(12): 53-6-151
HB0880_2(13): 53-6-151
HB0880_2(2): 17-7-130, 53-6-151
HB0880_2(3): 17-7-130, 53-6-151
HB0880_2(4): 17-7-130, 53-6-151
HB0880_2(5): 53-6-151
HB0880_2(6): 53-6-151
HB0880_2(7): 53-6-151
HB0880_2(8): 53-6-151
HB0880_2(9): 53-6-151
HB0880_2: 17-7-130, 53-6-151
HB0880_X(1): 17-7-130, 53-6-151
HB0880_X(2): 17-7-130, 53-6-151
HB0880_X(3): 17-7-130, 53-6-151
HB0880_X(4): 17-7-130, 53-6-151
HB0880_X(5): 17-7-130, 53-6-151
HB0880_X(6): 17-7-130, 53-6-151
HB0880_X: 17-7-130, 53-6-151