Authorizes the expansion of Medicaid on January 1, 2016, to non-elderly adults with incomes up to 133 percent of the federal poverty level. This action would result in 400,000 Virginians gaining health insurance paid for with 100 percent federal funding ($482 million) in FY 2016. In addition, the state would achieve savings as new Medicaid funding would supplant state-supported indigent care costs, mental health services provided by Community Services Boards, and inpatient hospital costs for state correctional inmates. After accounting for the administrative costs to implement, the net savings to the Commonwealth would be about $105 million general fund in FY 2016. This savings would be deposited to a special fund for future Medicaid costs or deposits to the Revenue Stabilization Fund. This coverage expansion would result in reduced indigent care costs for hospitals across the Commonwealth, resulting in improvements to their financial condition, especially for rural hospitals.