2002 Session

Budget Amendments - SB30 (Committee Approved)

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Pharmacy Payments from Minus 11% to 10.5% AWP

Item 325 #42s

Item 325 #42s

First Year - FY2003 Second Year - FY2004
Health And Human Resources
Medical Assistance Services, Department of FY2003 $1,522,500 FY2004 $1,672,500 GF
FY2003 $1,569,498 FY2004 $1,708,337 NGF

Page 249, line 44, strike "$3,323,003,655" and insert "$3,326,095,653".
Page 249, line 44, strike "$3,553,124,057" and insert "$3,556,504,894".
Page 256, line 44, after "minus", strike "11" and insert "10.5".

(This amendment reduces the discount in Medicaid rates paid to pharmacies, as proposed in the introduced budget. The current discount is average wholesale price (AWP) minus 9 percent. The introduced budget would have increased the discount to AWP minus 11 percent. This amendment sets the discount at AWP minus 10.5 percent. This action produces general fund savings of $4,567,500 the first year and $5,017,500 the second year, when compared to the current discount rate of AWP minus 9 percent.)