Bill > SB0123

This bill enacts the "Annual Coverage Assessment Act of 2021" which amends Tennessee Code Annotated, Title 71, Chapter 5 to impose an annual coverage assessment on covered hospitals licensed as of July 1, 2021. The assessment is set at 4.87% of the hospital's net patient revenue from 2016 and must be paid in quarterly installments. The funds generated from the assessment will be deposited into a "Maintenance of Coverage Trust Fund" and used to maintain and expand TennCare program benefits and services, provide directed payments to hospitals to offset unreimbursed TennCare costs, and implement other programs and initiatives to address the financial impact of the COVID-19 pandemic on hospitals. The bill includes provisions to ensure the assessment funds do not replace existing state funding for TennCare and prohibit managed care organizations from using the assessment as justification for across-the-board rate reductions to covered or excluded hospitals and physicians.

Budget and Finance, Health and Social Services

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB0123&ga=112