Nebraska Revised Statute 68-996
68-996.
Medicaid Managed Care Excess Profit Fund; created; use; investment.
(1) The Medicaid Managed Care Excess Profit Fund is created. The fund shall contain money returned to the State Treasurer pursuant to subdivision (3) of section 68-995.
(2) The fund shall first be used to offset any losses under subdivision (2) of section 68-995 and then to provide for services addressing the health needs of adults and children under the Medical Assistance Act, including filling service gaps, providing system improvements, providing evidence-based early intervention home visitation programs, providing medical respite services, translation and interpretation services, providing coverage for continuous glucose monitors as described in section 68-911, providing other services sustaining access to care, the Nebraska Prenatal Plus Program, and providing grants pursuant to the Intergenerational Care Facility Incentive Grant Program as determined by the Legislature. The fund shall only be used for the purposes described in this section.
(3) Any money in the fund available for investment shall be invested by the state investment officer pursuant to the Nebraska Capital Expansion Act and the Nebraska State Funds Investment Act.
Source
- Laws 2020, LB1158, § 3;
- Laws 2024, LB62, § 3;
- Laws 2024, LB857, § 9;
- Laws 2024, LB904, § 3;
- Laws 2024, LB905, § 2;
- Laws 2024, LB1413, § 43.
- Note: The Revisor of Statutes has pursuant to section 49-769 correlated LB62, section 3, with LB857, section 9, LB904, section 3, LB905, section 2, and LB1413, section 43, to reflect all amendments.
- Note: Changes made by LB62 became effective July 19, 2024. Changes made by LB857 became effective July 19, 2024. Changes made by LB904 became effective July 19, 2024. Changes made by LB905 became effective July 19, 2024. Changes made by LB1413 became effective April 2, 2024.