Pew Charitable Trust Reports Drug Prices, Senior Programs Will Impact SC State Budget up to $59 Million

The Pew Charitable Trust reports that, “higher prescription drug prices, combined with changes to Medicare and Social Security, could deal a $1.6 billion blow to state budgets next year by forcing them to ratchet up spending on Medicaid, the federal-state health care program for the poor.”

Eligibility requirements or cuts in benefits could be a response to the new costs. The impact to South Carolina’s budget is projected to be between $10 million to $59 million.

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