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Proposal would create Medicaid stabilization fund using unused Medicaid reversions to soften future downturns
Summary
Representative Mary Cafaro proposed a Medicaid Stabilization Fund to capture unused Medicaid appropriations at fiscal‑year end and hold them for use during economic downturns, rather than allowing the money to revert to the general fund for other uses.
Representative Mary Cafaro presented House Bill 8 80, a proposal to create a Medicaid Stabilization Fund that would capture unused Medicaid appropriations (reversions) and retain them in a restricted fund to be used as a buffer in economic downturns. She explained that the funding source would be unexpended Medicaid general‑fund appropriations at the end of each fiscal year; those reversions would be swept into the stabilization fund rather than reverting to general fund for other uses.
Cafaro said the purpose of the fund is to reduce…
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