2008 Session

Budget Amendments - HB30 (Committee Approved)

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Adjust Virginia Health Care Fund Revenue for Merck Settlement

Item 306 #11h

Item 306 #11h

First Year - FY2009 Second Year - FY2010
Health And Human Resources
Medical Assistance Services, Department of FY2009 ($6,684,208) FY2010 $0 GF
FY2009 $6,684,208 FY2010 $0 NGF

Page 283, line 6, strike "298,607,021" and insert "305,291,229".

(This amendment reduces general fund amounts for the Virginia Medicaid program and increases nongeneral funds from the Virginia Health Care Fund by $6.7 million in the first year. This change reflects the revenue that is expected to be received as a Medicaid recovery due to a settlement with Merck over Medicaid overpayments for prescription drugs. The settlement will be deposited into the Virginia Health Care Fund which is used to offset general fund costs in the Medicaid program.)