2008 Session

Budget Amendments - HB30 (Conference Report)

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Increase Medicaid Recoveries for Merck Settlement

Item 306 #1c

Item 306 #1c

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 adds $6.7 million to the Virginia Health Care Fund (VHCF) from projected revenues as a result of the recent settlement related to the drug company Merck overcharging Medicaid for prescription drugs. Additional revenues to the Fund result in a reduction in the need for general fund dollars, because revenues deposited into the VHCF are used as the state share for the Medicaid program.)