2006 Session

Budget Amendments - SB29 (Committee Approved)

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Medicaid Pharmacy Rebate Revenue

Item 326 #4s

Item 326 #4s

First Year - FY2005 Second Year - FY2006
Health And Human Resources
Medical Assistance Services, Department of FY2005 $0 FY2006 ($4,500,000) GF
FY2005 $0 FY2006 $4,500,000 NGF

Page 103, line 54, strike "$334,355,153" and insert "$321,455,153".

(This amendment reflects an increase in anticipated pharmacy rebate revenue to the Virgina Health Care Fund from $317.0 million to $321.5 million. Because revenues in the Fund are allocated to fund Medicaid expenditures, the additional revenue offsets general fund dollars necessary to fully fund the Medicaid program. This amendment also adjusts the appropriation from the Virginia Health Care Fund the second year which was incorrectly reflected in the introduced budget at $334.4 million. The actual appropriation should have been $317.0 million.)