Bill Text: IA SSB1096 | 2021-2022 | 89th General Assembly | Introduced
Bill Title: A bill for an act relating to the use of generally accepted accounting principles relative to determining allowable costs when reviewing Medicaid provider cost reports.
Spectrum: Committee Bill
Status: (Introduced - Dead) 2021-01-27 - Subcommittee: Edler, Green, and Ragan. [SSB1096 Detail]
Download: Iowa-2021-SSB1096-Introduced.html
Senate
Study
Bill
1096
-
Introduced
SENATE
FILE
_____
BY
(PROPOSED
COMMITTEE
ON
HUMAN
RESOURCES
BILL
BY
CHAIRPERSON
EDLER)
A
BILL
FOR
An
Act
relating
to
the
use
of
generally
accepted
accounting
1
principles
relative
to
determining
allowable
costs
when
2
reviewing
Medicaid
provider
cost
reports.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
TLSB
1782XC
(1)
89
pf/rh
S.F.
_____
Section
1.
USE
OF
GENERALLY
ACCEPTED
ACCOUNTING
PRINCIPLES
1
——
MEDICAID
PROVIDER
COST
REPORTS.
Notwithstanding
any
2
provision
to
the
contrary,
the
department
of
human
services
3
shall
require
the
Iowa
Medicaid
enterprise
to
utilize
generally
4
accepted
accounting
principles
(GAAP)
when
reviewing
provider
5
cost
reports
pursuant
to
441
IAC
79.1
to
determine
allowable
6
costs.
For
the
purposes
of
this
section,
“GAAP”
means
the
same
7
as
defined
in
section
8.57.
8
EXPLANATION
9
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
10
the
explanation’s
substance
by
the
members
of
the
general
assembly.
11
This
bill
directs
the
department
of
human
services
to
12
require
the
Iowa
Medicaid
enterprise
to
utilize
generally
13
accepted
accounting
principles
(GAAP)
when
reviewing
provider
14
cost
reports
to
determine
allowable
costs.
15
-1-
LSB
1782XC
(1)
89
pf/rh
1/
1