This is not the official budget document.

Budget Summary FY2014

15955819 - Commonwealth Care Trust Fund
Data Current as of:  9/11/2013





Account Description FY2013
Spending
FY2014
GAA
1595-5819 Commonwealth Care Trust Fund
For an operating transfer to the Commonwealth Care Trust Fund, established pursuant to section 2OOO of chapter 29 of the General Laws; provided, that if employer medical assistance contributions credited to the Commonwealth Care Trust Fund pursuant to section 189 of chapter 149 of the General Laws total less than $94,000,000, the comptroller shall transfer to the Commonwealth Care Trust Fund from the Stabilization Fund the difference between $94,000,000 and the amount credited to the Commonwealth Care Trust Fund from such employer medical assistance contributions; provided further, that up to $30,000,000 shall be transferred from the Commonwealth Care Trust Fund to the Health Safety Net Trust Fund, established pursuant to section 66 of chapter 118E of the General Laws; provided further, that the hospital fiscal year 2014 payment amount to each hospital shall be funded by the Health Safety Net Trust Fund; provided further, that payments may be made either as safety net care payments under the commonwealth's waiver pursuant to section 1115of the Social Security Act, as codified at 42 U.S.C. section 1315, or as an adjustment to service rate payments pursuant to Title XIX of the Social Security Act, as codified at 42 U.S.C. chapter 7, subchapter XIX, or a combination thereof; provided further, that the executive office of health and human services and the health safety net office may use other federally permissible funding mechanisms available for public service hospitals, as defined by regulation, to reimburse up to $70,000,000 of uncompensated care at the hospitals using sources distinct from the funding made available to the Health Safety Net Trust Fund; provided further, that the secretary of administration and finance, in consultation with the secretary of health and human services and the executive director of the commonwealth health insurance connector authority, shall on a quarterly basis evaluate the revenue needs of the health safety net program funded by the Health Safety Net Trust Fund and subsidized health insurance programs funded by the Commonwealth Care Trust Fund, and if necessary, transfer monies between these funds for the purpose of ensuring that sufficient revenues are available to support projected program expenditures; and provided further, that the secretary of administration and finance shall report any transfers made between the Health Safety Net Trust Fund and the Commonwealth Care Trust Fund to the house and senate committees on ways and means and the joint committee on healthcare financing within 30 days of the proposed transfer
642,349,148 340,078,633