S.2586 - Federal Government - A bill to provide States with fiscal relief through a temporary increase in the Federal medical assistance percentage and direct payments to States.

A bill to provide States with fiscal relief through a temporary increase in the Federal medical assistance percentage and direct payments to States. 1/31/2008--Introduced. State Fiscal Relief Act of 2008 - Provides that, if the federal medical assistance percentage (FMAP) determined without regard to this Act under title XIX (Medicaid) of the Social Security Act for a state for FY2008 is less than the FMAP as so determined for FY2007, the FY2007 FMAP shall be substituted for the state's otherwise applicable FMAP for the second, third, and fourth calendar quarters of FY2008. Provides also that, if the FMAP determined without regard to this Act for a state for FY2009 is less than the FMAP as so determined for FY2008, the FY2008 FMAP shall be substituted for the state's otherwise applicable FMAP for the first and second calendar quarters of FY2009. Provides that, for each eligible state for the second, third, and, fourth calendar quarters of FY2008, and for the [...]

show full description