Catchword: clawback

Filed under: English, Money & Finance, Politics

Part of speech: n.

Quotation: While the dual eligibles in 2006 will qualify for federal Medicare drug benefits, states won’t get to keep all of the savings from dropping the indigent seniors from state-financed Medicaid drug plans. Instead, states will get hit with what’s been coined the “clawback” provision, which will require states to finance a large share of the federal drug benefit by making payments—on an ongoing basis—to the U.S. government based on a formula.

Article or document title:
“Medicare Looms As Budget, Logistical Issue for States” (URL)

Author:
Erin Madigan

Article, document, publication, web site:
Senior Journal

Date of publication:
Dec. 27, 2004

This catchword has yet to be researched.