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Committee approves hospital-assessment substitute to restore federal drawdown (SB 305)
Summary
Committee favorably recommended the first substitute to SB 305 to restore a hospital assessment mechanism designed to draw down federal funds and partially replace revenue lost after federal changes (HR1); proponents estimated a hospital contribution of roughly $30–35 million could draw down about $100–105 million in federal funds.
The Health and Human Services Committee voted to favorably recommend the first substitute to SB 305, a bill to enable a hospital assessment that proponents say will help recapture federal funding lost after recent federal changes.
Sponsor testimony summarized the substitute…
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