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GA Adjustment
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