Medicaid Prescription Drugs : Pricing & Policy Issues
Book Details
Format
Hardback or Cased Book
ISBN-10
1634825225
ISBN-13
9781634825221
Publisher
Nova Science Publishers Inc
Imprint
Nova Science Publishers Inc
Country of Manufacture
US
Country of Publication
GB
Publication Date
Jun 1st, 2015
Print length
114 Pages
Weight
328 grams
Dimensions
15.90 x 23.70 x 1.30 cms
Product Classification:
Public health & safety lawMedical & healthcare lawHealth systems & services
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Medicaid is a federal-state entitlement program that pays for health care and related services on behalf of certain low-income individuals. Prescription drugs are an optional Medicaid benefit and all states cover outpatient drugs. States can create formularies, or lists of preferred drugs, but federal rules tend to result in comprehensive coverage, even for beneficiaries enrolled in Medicaid managed care plans. Pharmaceutical manufacturers that voluntarily participate in Medicaid are required to pay rebates to states on covered outpatient drugs, which help Medicaid receive manufacturers'' lowest or best price. States then share the rebate they receive from pharmaceutical manufacturers with the federal government. This book discusses Medicaid prescription drug pricing and policies.
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