Medicaid Supplemental Rate Fund; created. (SB1562)

Introduced By

Sen. Siobhan Dunnavant (R-Henrico)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Medicaid Supplemental Rate Fund. Creates the Medicaid Supplemental Rate Fund (the Fund) as a subfund of the Virginia Health Care Fund. Moneys in the Fund will be used to raise base Medicaid reimbursement rates for hospitals and health care providers in the Commonwealth. The bill will require nonprofit hospitals with over $300 million in annual revenues to pay state and local sales and use taxes, and such sales tax revenues will be deposited into the Fund. Nonprofit hospitals are currently exempt from paying state and local sales and use tax. Amends § 58.1-605, § 58.1-606, § 58.1-609.11, § 58.1-638, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/20/2017Presented and ordered printed 17103793D
01/20/2017Referred to Committee on Finance
01/27/2017Impact statement from DPB (SB1562)
02/01/2017Passed by indefinitely in Finance with letter (16-Y 0-N) (see vote tally)