Department of Medical Assistance Services (602)
| Request Title | Adjust Medicaid forecast to account for revised Medicare premiums |
| Biennium | 2016-2018 |
| Budget Round | Amended Bill |
| Category | Other spending or initiatives |
| Region | Multiple Regions |
Description
|
Accounts for Medicare premium rates that were finalized after the consensus Medicaid forecast was completed. During the development of the Medicaid forecast, due November 1, the Departments of Planning and Budget and Medical Assistance Services had to use preliminary assumptions on Medicare premium rates. Since the forecast was finalized, the federal government has released actual Medicare Part A, B, and D rates for FY 2017. The changes will allow the forecast to be lowered by $47.2 million total funds (over the biennium); thereby reducing the general fund need by $25.5 million. |
Funding Summary
| Object Type | FY 2016 | FY 2017 | |
| General Fund Dollars | ($7,293,635) | ($18,238,863) | |
| Nongeneral Fund Dollars | ($6,165,602) | ($15,460,168) | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 0.00 | 0.00 | |
| General Fund Transfers | $0 | $0 | |
| General Fund Revenue | $0 | $0 | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2016 | FY 2017 |
| 456 | Medicaid Program Services | ($13,459,237) | ($33,699,031) | |
| By Fund | Fund Code | Fund Title | FY 2016 | FY 2017 |
| 01000 | General Fund | ($7,293,635) | ($18,238,863) | |
| 10000 | Federal Trust | ($6,165,602) | ($15,460,168) |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2016 | FY 2017 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 06:24:33
