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Lawmakers consider Medicaid stabilization fund seeded by ARPA interest and reversions
Summary
Representative Mary Cafero told senators HB 880 would create a Medicaid Stabilization Fund seeded by ARPA interest (one-time transfer) and ongoing reversions of unused Medicaid appropriations; supporters argued it would protect rural providers and critical services in downturns while senators pressed on size, triggers and interactions with the budget stabilization fund.
Representative Mary Cafero presented House Bill 880 to create a Medicaid Stabilization Fund intended as a rainy-day account for Medicaid spending. The proposal would seed the fund with a one-time transfer of ARPA interest and direct future Medicaid reversions (unused appropriated Medicaid dollars) into the new account under certain conditions.
Sponsor’s description: Cafero said the fund would not…
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