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Starting Jan. 1, millions of Americans who get their prescription drugs through Medicare could get a major financial break when a $2,000 out-of-pocket spending cap on medications goes into effect.
The Medicaid Drug Rebate Program is a program in the United States that was created by the Omnibus Budget Reconciliation Act of 1990 (OBRA'90). The program establishes mandatory rebates that drug manufacturers must pay state Medicaid agencies related to the dispensing of outpatient prescription drugs covered by Medicaid .
Program flexibility that supports the Health Plan Sponsor's current prescription drug plan structure Extensive educational materials and support To qualify for the subsidy, a Health Plan Sponsor must show that its coverage is "actuarially equivalent" to, or at least as generous as, the defined standard Medicare Part D coverage.
State Medicaid programs must administer their coverage of prescription outpatient drugs in a manner that accounts for participation in the 340B Drug Pricing Program. Typically, state Medicaid programs obtain rebates for dispensed outpatient prescription drugs through the Medicaid Drug Rebate Program. However, duplicate discounts are prohibited.
Cindy George, senior personal finance editor at GoodRx, a prescription discount card company, said: “People are paying all kinds of prices for the same drug, with the same strength and dose ...
The AARP wants Congress to do something about high prescription drug prices for older Americans, and it's putting up millions of dollars to spread the word. Discover: 6 Reasons You Won't Get Social...
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