2018 Wyoming Statutes
TITLE 42 - WELFARE
CHAPTER 9 - PRIVATE HOSPITAL ASSESSMENT ACT
SECTION 42-9-103 - Private hospital assessment account.
42-9-103. Private hospital assessment account.
(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 one percent (1%) 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.
