Establishes a dedicated fund for hospital safety net assessments and increases funds for family medicine and psychiatry residency programs.

The bill establishes a dedicated fund within the state treasury called the hospital safety net assessment fund. This fund is intended to receive and disburse funds, including accrued interest, in accordance with the chapter. The fund will be used to make payments to hospitals and managed care organizations, refund erroneous or excessive payments, and for administrative expenses. The fund will also be used to pay for family medicine and psychiatry residency program slots. The bill increases the biennial funds contribution in lieu of state funds from the hospital safety net program.

Establishes a dedicated fund for hospital safety net assessments and increases funds for family medicine and psychiatry residency programs.

The bill establishes a dedicated fund within the state treasury called the hospital safety net assessment fund. This fund is intended to receive and disburse funds, including accrued interest, in accordance with the chapter. The fund will be used to make payments to hospitals and managed care organizations, refund erroneous or excessive payments, and for administrative expenses. The fund will also be used to pay for family medicine and psychiatry residency program slots. The bill increases the biennial funds contribution in lieu of state funds from the hospital safety net program.