Vermont § 1953 - Hospital assessment

§ 1953. Hospital assessment

• (a) Hospitals shall be subject to an annual assessment as follows: (1) Beginning July 1, 2012, each hospital’s annual assessment, except for hospitals assessed
  under subdivision (2) of this subsection, shall be six percent of its net patient
  revenues (less chronic, skilled, and swing bed revenues). (2) Beginning July 1, 2004, each mental hospital or psychiatric facility’s annual assessment
  shall be 4.21 percent, provided that the U.S. Department of Health and Human Services
  grants a waiver to the uniform assessment rate pursuant to 42 C.F.R. § 433.68(e). If the U.S. Department of Health and Human Services fails to grant a waiver, mental
  hospitals and psychiatric facilities shall be assessed under subdivision (1) of this
  subsection. (b) Each hospital shall be notified in writing by the Department of the assessment made
  pursuant to this section. If no hospital submits a request for reconsideration under
  section 1958 of this title, the assessment shall be considered final. (c) Each hospital shall submit its assessment to the Department according to a payment
  schedule adopted by the Commissioner. Variations in payment schedules shall be permitted
  as deemed necessary by the Commissioner. (d) Any hospital that fails to make a payment to the Department on or before the specified
  schedule, or under any schedule for delayed payments established by the Commissioner,
  shall be assessed not more than $1,000.00. The Commissioner may waive this late payment
  assessment provided for in this subsection for good cause shown by the hospital. (Added 1991, No. 94, § 1; amended 1993, No. 56, § 1, eff. June 3, 1993; 1995, No. 5, § 26, eff. March 3, 1995; 1995, No. 14, § 2, eff. April 12, 1995; 1997, No. 59, §§ 69, 70, eff. June 30, 1997; 1999, No. 49, § 199; 2001, No. 65, § 13; 2003, No. 66, § 306, see effective date note set out below; 2003, No. 163 (Adj. Sess.), § 7; 2005, No. 71, § 285; 2007, No. 190 (Adj. Sess.), § 47, eff. June 6, 2008; 2009, No. 156 (Adj. Sess.), § E.309.4; 2011, No. 45, § 24, eff. May 24, 2011; 2011, No. 128 (Adj. Sess.), § 36.)