Wash. Rev. Code § 74.60.170

Current through 2024

Section 74.60.170 - [Contingent Effective Date] Estimated hospital net financial benefit determined by the authority-Formula-Modification

(1) The estimated hospital net financial benefit under this chapter shall be determined by the authority by summing the following anticipated hospital payments, including all applicable federal matching funds, RCW 74.60.110 for payments to small rural disproportionate share hospitals, RCW 74.60.120 for supplemental payments to hospitals, RCW 74.60.130 for directed payments, RCW 74.60.020(4)(f) for quality improvement incentives, minus the total assessments paid by all hospitals under RCW 74.60.030 for hospital assessments, and minus any taxes paid on RCW 74.60.130 for managed care payments.

(2) If, for any reason including reduction or elimination of federal matching funds, the estimated hospital net financial benefit falls below one hundred thirty million dollars in any state fiscal year, the office of financial management shall direct the authority to modify the assessment rates provided for in RCW 74.60.030, and the office of financial management is authorized to direct the authority to adjust the amounts disbursed from the fund, including disbursements for payments under RCW 74.60.020(4)(f) and payments to hospitals under RCW 74.60.090 through 74.60.130 and 74.60.020(4)(g), such that the estimated hospital net financial benefit is equal to the amount disbursed from the fund for use in lieu of state general fund payments. Each category of adjusted payments to hospitals under RCW 74.60.090 through 74.60.130 and payments under RCW 74.60.020(4)(g) must bear the same relationship to the total of such adjusted payments as originally provided in this chapter.

RCW 74.60.170

Amended by 2023 c 430,§ 15, eff. upon occurrence of contingency.

Added by 2017 c 228,§ 14, eff. 7/1/2017.

Contingent effective date- 2023 c 430 : See note following RCW 74.60.005.

Effective date- 2017 c 228 : See note following RCW 74.60.005.

This section is set out more than once due to postponed, multiple, or conflicting amendments.