Bill > H967

This bill establishes a dedicated fund called the Medicaid and Health Care Reform FMAP Trust Fund to protect funding for healthcare reform initiatives. FMAP stands for Federal Medical Assistance Percentage, which is the rate at which the federal government contributes to state Medicaid costs. The bill mandates that funds appropriated or transferred to this trust fund, along with any earned interest, will be used to support health insurance coverage for low-income Massachusetts residents, including programs like MassHealth and insurance offered through the state's health insurance exchange, and to improve payments to healthcare providers who serve Medicaid patients. The Secretary of Administration and Finance will manage this fund and is required to submit an annual report detailing its financial status and recommendations for its use to legislative committees and relevant authorities.