For certified public expenses, Colorado keeps certain federal reimbursement above half the expense and transfers it to the general fund for the medical assistance program.
When a provider certifies a public expense, the state keeps federal reimbursement above half the expense for services delivered while specified increased federal payments remain available.
The state treasurer transfers the retained money to the general fund, where it can be appropriated to Colorado’s medical assistance program.
After those payments are fully reconciled, the section is repealed, ending this provision.
The state department retains federal reimbursement above half of a certified public expense. This applies when a provider certifies public expenses under the cited federal rule. The department retains money only for services delivered while the specified increased federal reimbursements and payments remain available. The section applies starting with the state fiscal year that began July 1, 2021, and later fiscal years. The increased-payment availability condition applies on the service date.
The state treasurer transfers the retained money to the general fund for possible appropriation to the state medical assistance program. This applies to federal reimbursement retained under this section. The money is transferred for appropriation to the state medical assistance program.
The section is repealed after the required reconciliations are complete. The reconciliations cover reimbursements and payments for services delivered during the period of increased federal payments described in this section. The department’s executive director must notify the Revisor of Statutes in writing when the reconciliations are complete. Repeal takes effect on the completion date identified in the notice or, if the notice gives no date, on the date the notice is sent.
No hearings or votes scheduled.