SB 532 - This act creates the Medical Ownership Program, a new Medicaid coverage program consisting of managed health savings accounts. This act creates the Medical Ownership Committee, a joint committee of the General Assembly, consisting of five members of the Senate and five members of the House. The members of the committee shall be appointed by September 1, 2005, and will obtain support from the department of social services, as necessary. By January 15, 2006, the committee shall study and issue recommendations in a report to the governor, the general assembly, and the department of social services for implementing the medical ownership program, curtailing wasteful health care spending, and coordinating with the division of medical services to ensure a smooth transition between the current state medicaid program and the new program. This act contains an emergency clause. ADRIANE CROUSE