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