Bill > A6241

This bill amends the fiscal year 2026 annual appropriations act to increase the Supplemental Graduate Medical Education (GME-S) subsidy by $496,000, specifically expanding the program to include a fifteenth hospital in the ranking of acute care hospitals with residency programs. The bill modifies the existing GME-S funding mechanism by increasing the total appropriation from $627,119,000 to $627,615,000 and the GME allocation from $336,500,000 to $336,996,000. The additional funding will be distributed to the fifteenth highest-ranked hospital based on its Relative Medicaid Percentage (RMP), which is calculated using 2023 Audited Acute Care Hospital Cost Reports. The RMP is determined by comparing a hospital's gross revenue from Medicaid and Medicaid HMO patients to its total patient care gross revenue. The bill maintains the existing eligibility criteria for the subsidy but ensures that the first fourteen hospitals receive funding through the existing methodology, with the fifteenth hospital receiving a specific $496,000 payment. The legislation takes effect immediately upon enactment.

Health and Social Services

https://www.njleg.state.nj.us/bill-search/2024/A6241