Bill > SB270

This bill creates a comprehensive framework for healthcare provider fees in Colorado, specifically focusing on nursing facility and intermediate care facility providers. The bill establishes a new mechanism for the Colorado Healthcare Affordability and Sustainability Enterprise to charge and collect provider fees from nursing facilities and intermediate care facilities for individuals with intellectual disabilities, beginning May 1, 2025. The fees are designed to obtain federal matching funds and provide business services to these facilities, such as sustaining or increasing reimbursement rates and making supplemental Medicaid payments. The bill creates separate cash funds for these fees and establishes a new Facility Provider Fee Enterprise Support Board to oversee the implementation of these fees. The legislation includes detailed provisions about fee calculation, assessment, and use of funds, with specific priority given to administrative costs, supplemental payments, and maintaining the quality of care. The bill also includes appropriation adjustments to redirect funding from existing accounts to the new healthcare affordability and sustainability fee cash funds, ensuring continued support for Medicaid-related services. Importantly, the bill emphasizes that these fees are not taxes and are meant to support healthcare providers by leveraging federal matching funds and improving reimbursement rates.