§ 42-9-103 — Private hospital assessment account

Wyoming § 42-9-103

• Jurisdiction: Wyoming
• Title 42: Welfare
• Ch. 9: PRIVATE HOSPITAL ASSESSMENT ACT

Text

(a) The private hospital assessment account is created.
(b) The state treasurer shall invest amounts deposited
within the account in accordance with law and all investment
earnings shall be credited back to the account. Funds in the
account are continuously appropriated to the department for the
purposes specified in this section.
(c) The account shall consist of:
(i) Amounts collected or received by the department
from private hospital assessments under this chapter;
(ii) All federal matching funds received by the
department as a result of expenditures made by the department
pursuant to this chapter.
(d) The account shall be used exclusively for the
following purposes:
(i) To pay administrative expenses incurred by the
department or its agent in performing the activities authorized
by this chapter, provided that these expenses shall not exceed a
total of three percent (3%) of the aggregate assessment funds
collected in the fiscal year;
(ii) To secure federal matching funds available
through the state medicaid plan as approved pursuant to W.S.
42-9-108, which shall be used to make quarterly adjustment
payments as provided by this chapter;
(iii) To repay to the federal government any excess
payments received or made to private hospitals if the state
plan, after approval by the centers for medicare and medicaid
services, is subsequently disapproved for any reason and after
the state has exhausted all appeals. Private hospitals shall
refund any excess payments to the assessment account. If a
private hospital is unable to refund payments as provided in
this paragraph, the department shall develop a payment plan to
recoup deficient payments and accordingly deduct amounts from
future medicaid payments. The department shall refund the
federal government for the federal portion of those
overpayments;
(iv) To refund assessments paid by private hospitals
for quarterly adjustment payments which were earned but not paid
by the department, but only after the payments authorized by
paragraphs (i) and (iii) of this section have been made.