Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Briefing warns HR1 phase-down of hospital provider tax could cost Vermont more than $100M
Summary
Fiscal staff told the committee that a federal HR1 provision would phase down hospital provider tax rates, preliminarily costing Vermont about $113 million in annual general-fund revenue (today's dollars) when fully implemented and risking much larger losses in Medicaid services after lost federal match.
Legislative fiscal staff on Tuesday briefed members on Vermont’s health-care provider taxes and a federal provision in HR1 that would reduce some provider-tax rates over time, a change that could sharply reduce state revenue used to draw federal Medicaid matching funds.
Moe Langlo of the state fiscal office explained provider taxes are state assessments on classes of health-care providers that help generate the state share of Medicaid. "Provider taxes are a revenue source that can be used to generate funds for the state share," Langlo said, and he described federal rules that require such taxes to be broad-based, uniformly applied and not directly 'held harmless'…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
