What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
No co-sponsors yet.
History
- Referred to investigations and government operations
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Establishes corporate franchise tax credit for uncollected prescription co-payments
In Assembly Committee · Ways And Means · Sponsor Robin Schimminger
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to establishing an uncollected prescription drug co-payment corporate franchise tax credit
Purpose
Establishes a corporate franchise tax credit for uncollected prescription drug co-payments.
Summary of provisions
Section 1 creates a new subdivision 14 within section 210 of the Tax Law.
Section 2 effective date.
Justification
Under the Cuomo administration, New York State instituted a Medicaid co-payment for all medical benefits. Co-payments for prescription drugs were implemented by the Department of Social Services in 1995 and it was made clear to Medicaid beneficiaries that they could not be denied services if they could not afford the co-payment. As a result, pharmacies in the State of New York experienced a financial loss because 20% of the co-payments were not paid by the Medicaid beneficiaries. With the implementation of Medicaid Managed Care, the Department of Health no longer required a co-payment for prescription drugs for those beneficiaries that moved to Medicaid Managed Care. However, the co-payment remains on non-managed care Medicaid recipients.
Unlike hospitals, which are able to receive funding from bad debt and charity pools, pharmacies cannot write off their bad debt. Besides, pharmacies are not responsible for increasing costs and volume of prescription drugs.
Legislative history
1999/2000 - A.7313/S.4232: 2001-2002 A.4365-A/S.2568A: 2003/2004: A.1983/S.1043: 2005-2006 A.5458A/S.1995A: 2007-2008 A.3804A/S.1286A
Fiscal implications
Minimal to State.
Local fiscal implications
None.
Effective date
This act shall take effect January 1, 2010 and shall apply to taxable years commencing on and after such date.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.