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Finance committee reports S.63 changing Green Mountain Care Board fees and oversight to full Senate
Summary
The committee voted 7-0 to report S.63 favorably; the bill reallocates portions of the board’s fee assessments after the wind-down of a large ACO, adjusts hospital fiscal-year reporting and makes changes to ACO certification and budget-review fees.
The Vermont Senate Committee on Finance on March 18 voted unanimously (7-0) to report S.63 favorably to the full Senate. S.63 would change the Green Mountain Care Board’s regulatory duties and the board’s fee allocation following the wind-down of a large accountable care organization (ACO) and would adjust hospital fiscal-year timing for regulatory review.
Committee staff and agency witnesses described the bill as largely housekeeping that adapts statute to the current market after the closure of one large ACO and the expectation that most remaining ACOs would be…
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