Bill > HB0181

This bill enacts the "Annual Coverage Assessment Act of 2021" which amends Tennessee Code Annotated Title 71, Chapter 5. The key provisions of the bill include: 1. Imposing an annual coverage assessment of 4.87% on "covered hospitals" (defined as hospitals licensed in Tennessee as of July 1, 2021, with some exclusions) to be paid in quarterly installments. 2. Establishing the "Maintenance of Coverage Trust Fund" to hold the assessment proceeds, which can only be used for specified expenditures in the TennCare program, such as maintaining certain benefits and services and providing directed payments to hospitals to offset unreimbursed TennCare costs. 3. Prohibiting managed care organizations from implementing across-the-board rate reductions to covered or excluded hospitals and physicians, with some exceptions. 4. Authorizing the state to take enforcement actions, such as suspending payments or filing civil lawsuits, against hospitals that fail to pay the assessment. 5. Requiring quarterly reporting to the legislature on the trust fund and its use. The bill is effective June 30, 2021, except for a provision taking effect upon becoming law.

Budget and Finance, Business and Industry

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB0181&ga=112