MONTPELIER, Vt. (AP) – Vermont needs to roll back some premium increases it levied on Medicaid beneficiaries last summer or risk losing $265 million in federal stimulus money.

That’s the word from Finance and Management Commissioner Jim Reardon, who calls the rollback a pretty easy fix.

The Legislature would have to agree, and legislative leaders say they don’t mind reversing Medicaid premium increases that took effect in a budget cutting move last July 3.

The state already has had to return $36 million to the federal government because of the snag.