Iowa Senate Pushes Health Tax to Fund Medicaid

Iowa Senate Republicans propose a one-time tax hike on health maintenance organizations to address Medicaid funding shortfall, generating $123 million. The tax would drop back to previous rate in October, aiming to secure federal matching funds before new rules block increases. Insurers oppose the measure, warning of higher premiums for consumers. The bill passed committees on party-line votes and includes additional state funding for Medicaid and access to the Taxpayer Relief Fund. Republicans seek compromises to ease the impact on insurers, aiming to submit the bill to federal regulators by the March 31st deadline.

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