Bill > S628

This bill establishes a dedicated fund called the Medicaid and Health Care Reform FMAP Trust Fund to protect funding for health care reform initiatives. This fund will receive appropriated or transferred money, along with any earned interest, and will be used to support health insurance for low-income Massachusetts residents, including programs like MassHealth and those offered through the state's health insurance exchange, as well as to improve payments to healthcare providers. The fund's creation is linked to increased federal funding for Medicaid and the Children's Health Insurance Program, stemming from the Patient Protection and Affordable Care Act of 2010. The Secretary of Administration and Finance will manage the fund and must submit an annual report detailing its financial status, projected income and expenses, and recommendations for fund transfers to relevant legislative committees.