Department of Medical Assistance Services (602)
Request Title | Capture ACA Insurance Tax Savings |
Biennium | 2020-2022 |
Budget Round | Initial Bill |
Half Sheet Number | 313 #23c |
Description
This amendment reduces $30.6 million from the general fund and $61.2 million in matching federal Medicaid funds the second year to reflect the impact of the elimination of the tax on health insurers beginning calendar year 2021. The recent budget passed by Congress eliminates the tax. The tax on health insurers was created in the Affordable Care Act and is imposed on Medicaid managed care companies, which is the reason the tax impacts the state budget. |
Funding Details
By Program | Program Code | Program Title | FY 2020 | FY 2021 |
456 | Medicaid Program Services | $0 | ($91,804,162) | |
By Fund | Fund Code | Fund Title | FY 2020 | FY 2021 |
01000 | General Fund | $0 | ($30,565,273) | |
09780 | Healthcarecoverageassmntfund | $0 | ($3,067,363) | |
10000 | Federal Trust | $0 | ($58,171,526) |
Authorized Position Details
By Program | Program Code | Program Title | FY 2020 | FY 2021 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 19:18:02