http://www.jwsuretybonds.com/blog General to specific surety bond information, as well as current events within the industry. Tue, 07 Feb 2012 13:46:56 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://www.jwsuretybonds.com/blog/north-carolina-medicaid-supplier-performance-bond http://www.jwsuretybonds.com/blog/north-carolina-medicaid-supplier-performance-bond#comments Sat, 31 Oct 2009 17:35:56 +0000 Eric Weisbrot http://www.jwsuretybonds.com/blog/?p=957 On 05/26/2008, a new law was introduced referred to as HB 2436. The new North Carolina law permits the North Carolina Department of Health and Human Services to have discretion when requiring Medicaid-enrolled suppliers to provide a performance bond, letter of credit, or an alternative financial instrument in an amount no more than $100,000. Previous law required the bond as a stipulation of receiving Medicaid payments. HB 2436 states that the health department may require a surety bond when the provider has failed to display financial viability, if it is concluded that “significant potential” for deception and fraud existed, or if the department determines that it is best for the Medicaid program.

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