Repeals provisions for transferring funds and limiting rate increases for managed care plans.

The bill repeals certain provisions related to the transfer of funds and the limitation on rate increases for managed care plans. Specifically, it removes the requirement for the commissioner of management and budget to transfer funds from the premium security account to the general fund if the reduction in projected expenditures is less than $145,150,000. Additionally, it eliminates the authority for the commissioner of human services to limit the year-over-year increase in rates paid to managed care plans and county-based purchasing plans.

Repeals provisions for transferring funds and limiting rate increases for managed care plans.

The bill repeals certain provisions related to the transfer of funds and the limitation on rate increases for managed care plans. Specifically, it removes the requirement for the commissioner of management and budget to transfer funds from the premium security account to the general fund if the reduction in projected expenditures is less than $145,150,000. Additionally, it eliminates the authority for the commissioner of human services to limit the year-over-year increase in rates paid to managed care plans and county-based purchasing plans.