Revises the Medicare Savings Program in response to the Medicare Improvements of Patients and Providers Act of 2008 in order to incorporate provisions regarding the submittal of low income subsidy data and to disregard certain assets in the eligibility determination process.

Updates Methods and Standards for Establishing Payment Rates for Hospice Services, Reflecting Rate Increase Effective October 1, 2015.

Removes Duplicative Requirement for the Organ Transplant Advisory Council (OTAC) to Review and Recommend Designation of Organ Transplant Programs.

Revises reimbursement methodology for inpatient hospital services rendered by non-rural, non-state hospitals designated at major teaching hospitals.

Reflects Changes in Pharmacy Coverage Required by Section 175 of the Medicare Improvement for Patients and Providers Act of 2008 to Include Barbiturates "Used in the Treatment of Epilepsy, Cancer, or Chronic Mental Health Disorder" and Benzodiazepines in Part D Drug Coverage.

Modifies Outpatient Hospital Reimbursement for Implementation of a Hospital Provider Tax.

Implements Dispensing Fee Increase from $10.12 to $11.73 Per Prescription.

Adjusts the reimbursement rates for selected services provided by physicians and to reduce the reimbursement rates for anesthesia services provided by physicians.

Clarifies that Foster Children, and Women Receiving Treatment Through the Breast and Cervical Cancer Program, are Exempt from Certain Cost Sharing Requirements in the State Plan.

Reduce the reimbursement rates for long-term personal care services.