An Act Reducing Prescription Drug Prices Under The Medicaid Program. To lower health care costs under the Medicaid program. To authorize the Commissioner of Social Services to reduce prescription drug costs under the Medicaid program by establishing: (1) A price cap that
requires (A) additional negotiation for prescription drug rebates with manufacturers and review by the board established pursuant to section 17b-274d of the general statutes whenever the cap is exceeded, and (B) further restrictions on prescription drug purchases and transparency regarding actual prescription drug manufacturing costs when negotiations fail, and (2) a transparent reimbursement model for pharmaceutical benefit managers that allows the state Medicaid program to pay the discounted cost for prescription drugs negotiated by such managers.