2006 Session

Budget Amendments - SB30 (Committee Approved)

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Reduce Medicare Part D "Clawback" Payment

Item 302 #36s

Item 302 #36s

First Year - FY2007 Second Year - FY2008
Health And Human Resources
Medical Assistance Services, Department of FY2007 ($16,123,099) FY2008 ($16,123,099) GF

Page 258, line 32, strike "$4,989,007,434" and insert "$4,972,884,335".
Page 258, line 32, strike "$5,325,426,176" and insert "$5,309,303,077".

(This amendment reduces $16.1 million from the general fund each year to reflect a lower estimate of the Medicare Part D "clawback" payment. The introduced budget included $16.3 million the first year and $20.2 million the second year for the clawback, a general fund payment to the federal government for the Medicare Part D prescription drug benefit. Based on downward revisions to the projected growth in pharmacy spending from calendar year 2003 to 2006, the federal government reduced the Commonwealth's annual payment amount. The overall general fund impact of the new prescription drug benefit is now projected to be $48.2 million for the biennium, less than the previous estimate of $80.4 million that was reflected in the introduced budget.)