This legislation delegates the authority to levy the medicaid assessment fee on hospitals to the Department of Community Health.  The assessment of the fee on hospitals allows the state to draw down twice the amount collected in additional Medicaid funds resulting in a higher Medicaid reimbursement rate paid to the hospitals.  The legislation dedicates the fees to Medicaid and the act will sunset in 2016.

 

 

Currently, retirement programs such as those offered by ACCG and GMA may only invest 5 percent of their holdings in real estate investments. This legislation increases the amount of permissible investment to 10 percent.