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Budget Neutral definition

Budget Neutral. A standard for any risk sharing mechanism that recognizes both higher and lower expected costs among contracted MCOs under a managed care program and does not create a net aggregate gain or loss across all payments under that managed care program.
Budget Neutral means that the cost to a payer is no greater or less under the new payment system than it would have been under the previous payment system. Budget neutrality is generally viewed as being measured over a one-year timeframe—the typical length of a government budget year or health insurance contract. As noted in Section II-E, a short timeframe can cause distortions in incentives,

Examples of Budget Neutral in a sentence

  • The Parties agree that during transition a Budget Neutral Adjustment is made each year to offset the additional cost to the Commonwealth of net additional financial responsibilities taken on as part of the National Health Reform Agreement (i.e. the additional cost to the Commonwealth of Home and Community Care for older people, and the cost of specialist disability services for older people, less the costs of responsibilities transferred to South Australia for younger people in aged care).

  • The Parties agree that the Budget Neutral Adjustment is calculated in 2013-14 to offset the additional cost to the Commonwealth of net additional financial responsibilities taken on as part of the National Health Reform Agreement (i.e. the additional cost to the Commonwealth of Home and Community Care (HACC) for older people, and the cost of specialist disability services for older people, less the costs of responsibilities transferred to South Australia for younger people in aged care).

  • The Parties agree that the Budget Neutral Adjustment will be reviewed for all components by 30 June 2018 in accordance with the Bilateral Agreement between the Commonwealth and WA on Transitioning Responsibilities for Aged Care and Disability Services in WA.

  • Table 6: Budget Neutral Adjustment to the Commonwealth: 2018-19 ($m) 2019-20 ($m) Younger People in Residential Aged Care1 -23.9 Younger People in Home Care1 -5.9 Older People in Specialist Disability Services 27.3 HACC for Older people1 53.0 Budget Neutral Adjustment 50.5 52.2 1 For the purpose of calculating the BNA, the additional cost of HACC and the cost of Younger People in Aged Care are calculated at the assumed end point of 2017-18, following one full year of WA NDIS transition.

  • The Budget Neutral Adjustment over the period 2018-19 to 2019-20, which reflects a net contribution to the Commonwealth, is outlined in Table 6.

  • The Parties agree that for 2018-19 and 2019-20, WA will provide the Budget Neutral Adjustment to the WA NDIS authority from the Commonwealth as an additional on‑payment of the National Disability Specific Purpose Payment (NDSPP) as outlined in Schedule C: Financial Contributions for Transition in Western Australia.

  • The Parties agree that the Budget Neutral Adjustment is fixed at the 2018-19 amount and grows by 3.5 per cent per annum.

  • The estimated repayment of Intergovernmental payments is outlined at Table 6: Table 6: Estimated On-repayment of Commonwealth Intergovernmental payments for participants Repayment of Commonwealth Intergovernmental payments 71.4 103.8 180.4 Budget Neutral Adjustment, via NDSPP1 0.0 50.5 0.0 1Additional repayment of the NDSPP as outlined in Schedule C: Arrangements in Western Australia for Cross‑Billing and Budget Neutrality.

  • Five quantitative studies examined the relationship between self-disgust and problems associated with disordered eating or body image (see appendix E).

  • The Budget Neutral Adjustment will be escalated at 3.5 per cent per annum.

Related to Budget Neutral

  • Budget unit means the unit for which the ANB of a district is calculated separately pursuant to 20-9-311.

  • Budget Act means the Bipartisan Budget Act of 2015 (P.L. 114-74).

  • Budget Year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • Multiregional Modeling Working Group or “MMWG” shall mean the NERC working group that is charged with multi-regional modeling.

  • Budget Period means the fiscal period for which a budget is prepared.

  • Basic health plan model plan means a health plan as required in RCW 70.47.060(2)(e).

  • Spatial Planning and Land Use Management Act means the Spatial Planning and Land Use Management Act, 2013 (Act 16 of 2013);

  • State Budget Director means the individual appointed by the Governor pursuant to Section 321 of The Management and Budget Act, 1984 PA 431, MCL 18.1321.

  • Health and Safety Plan means a documented plan which addresses hazards identified and includes safe work procedures to mitigate, reduce or control the hazards identified;

  • Statutory Plan means a plan required in terms of any legislation, including but not limited to, any structure plan, land use plan, zoning scheme, integrated development plan, water services plan, skills development plan and employment equity plan;

  • High Deductible Health Plan means a Health Plan as defined by 26 USC § 223(c)(2)(A) that also is a Qualified Health Plan.

  • Health screening means the use of one or more diagnostic tools to test a person for the presence or precursors of a particular disease.

  • Statutory Penalties are those amounts awarded as a penalty, but are fixed in amount by statute.

  • Section 385 Expanded Group shall have the meaning set forth in Treasury Regulation Section 1.385-1(c)(4) for an “expanded group”.

  • Statutory Plans means statutory benefit plans which a Party and any of its Subsidiaries are required to participate in or comply with, including any benefit plan administered by any federal or provincial government and any benefit plans administered pursuant to applicable health, tax, workplace safety insurance, and employment insurance legislation;

  • Participating Certified Clinical Nurse Specialist means a Certified Clinical Nurse Specialist who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Part 70 Source means any source subject to the permitting requirements of R307-415.

  • Budget-related Policy means a policy of a municipality affecting or affected by the annual budget of the municipality, including-

  • Peer-reviewed medical literature means a scientific study published only after having been critically

  • Health and Human Services Commission or “HHSC” means the administrative agency established under Chapter 531, Texas Government Code, or its designee.

  • traditional leader means the leader of a traditional authority that had been identified by the MEC in terms of section 81 (2) of the Local Government: Municipal Structures Act to participate in the proceedings of the council.

  • Managed Care Plans means all health maintenance organizations, preferred provider organizations, individual practice associations, competitive medical plans and similar arrangements.

  • Clinical nurse specialist means a registered nurse with relevant post-basic qualifications and 12 months’ experience working in the clinical area of his/her specified post-basic qualification, or a minimum of four years’ post-basic registration experience, including three years’ experience in the relevant specialist field and who satisfies the local criteria.

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Managed care plan means a health benefit plan that either requires a covered person to use, or

  • Non-Participating Certified Clinical Nurse Specialist means a Certified Clinical Nurse Specialist who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.