Penn co-authors are Qingguo Ruan, Scott Palmer, and Brendan Hilliard. This extensive research was funded by the National Institute of Allergy and Infectious Disease. PENN Medicine can be a $3.5 billion business focused on the related missions of medical education, biomedical research, and excellence in patient care. PENN Medicine includes the University of Pennsylvania College of Medication and the University of Pennsylvania Wellness System. Penn’s College of Medicine happens to be rated #3 in the country in U.S.Information & World Report’s study of best research-oriented medical academic institutions; and, according to many latest data from the National Institutes of Wellness, received over $379 million in NIH research money in the 2006 fiscal year.Including federal funds, the state Medicaid and PeachCare budgets total more than $7 billion annually. The state’s fiscal year ends June 30 . The Associated Press/Denver Post: Colo. House Approves $7.4 Billion Spending Plan The Colorado House approved a $7.thursday 4 billion spending plan. Overall, the bulk of the increases in general fund spending will K-12 education, the senior property taxes, and federally mandated Medicaid spending . The Connecticut Mirror: State Trying TO BOOST Care For High-Need, High-Cost Clients [A] band of over 57 just, 500 people represents almost 40 % of the cost of Medicaid, the largest one item in the state budget.