The Financing of Pharmacy Plus Waivers: Implications for Seniors on Medicaid of Global Funding Caps

This policy brief describes Pharmacy Plus waivers being considered by some states for their Medicaid program and their implications for Medicaid financing. These waivers offer an opportunity for prescription drug coverage for low-income seniors, but they also include a major change in the financing of care for all seniors on Medicaid — a cap on federal Medicaid funding for all services provided to seniors on Medicaid.