Number: RL33131 Title: Budget Reconciliation FY2006: Medicaid, Medicare, and State Children's Health Insurance Program (SCHIP) Provisions Authors: Evelyne Baumrucker, Hinda Chaikind, April Grady, Jim Hahn, Jean Hearne, Elicia Herz, Bob Lyke, Paulette Morgan, Jennifer O'Sullivan, Richard Rimkunas, Julie Stone, Sibyl Tilson, and Karen Tritz, Domestic Social Policy Division Abstract: The House and Senate approved the conference report (H.Rept. 109-62) on H.Con.Res. 95, the Concurrent Resolution on the FY2006 Budget, on April 28, 2005. The Senate Committee on Finance was instructed to meet a budget reconciliation target of $10 billion in direct spending savings over a five-year period, FY2006- FY2010. On October 25, 2005, the Senate Finance Committee reported its reconciliation proposal to the Senate Budget Committee, which subsequently incorporated the proposal into S. 1932, The Deficit Reduction Omnibus Reconciliation Act of 2005. In the House, the Committee on Energy and Commerce had budget reconciliation instructions that specified a mandatory savings target of $14.734 billion between FY2006 and FY2010. The Committee's recommendations were incorporated into the House Budget Committee's bill, The Deficit Reduction Act of 2005. The House passed its version of the bill on November 18, 2005. Pages: 53 Date: January 26, 2006