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Appropriations subcommittee presses Health Care Authority on $126 million request, FMAP stability
Summary
Senate appropriators questioned the Health Care Authority’s $126 million agency request and discussed contingency plans tied to federal FMAP changes and the agency’s cash reserves, including a near-$600 million FMAP stabilization fund.
Senate appropriators on the Appropriations subcommittee questioned the Health Care Authority’s $126,000,000 agency request and drilled into contingency plans tied to a possible federal FMAP (Federal Medical Assistance Percentage) reconciliation and related cash-flow risks.
The discussion centered on three funding drivers listed by subcommittee members: adjustments tied to expected FMAP reductions, program growth and utilization, and declining tobacco-tax revenue that affects the authority’s receipts. Senator Racino,…
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