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Decision Package
Department of Medical Assistance Services (602)
Request Title Implement pricing methodology change for pharmaceutical products
Biennium 2016-2018
Budget Round Initial Bill
Category Appropriation Act language only
Region Multiple Regions
Description

Authorizes the department to implement a federally required pricing methodology change for pharmaceutical products. The Centers for Medicare and Medicaid Services (CMS) has issued final rules on pricing methodology for pharmaceuticals that will require states to pay pharmacies based on actual acquisition cost of the drug (ingredient) plus a professional dispensing fee. It is assumed that the required change will be implemented in a budget neutral fashion.

Funding Summary
Object Type FY 2016 FY 2017  
General Fund Dollars $0 $0  
Nongeneral Fund Dollars $0 $0  
General Fund Positions 0.00 0.00  
Nongeneral Positions 0.00 0.00  
General Fund Transfers $0 $0  
General Fund Revenue $0 $0  
Layoffs $0 $0  
Additions to Balance $0 $0  
Funding Details
By Program Program Code Program Title FY 2016 FY 2017
By Fund Fund Code Fund Title FY 2016 FY 2017
Authorized Position Details
By Program Program Code Program Title FY 2016 FY 2017


p3_opview - Official Enacted Budget View Operating Bullet Details - 06-05-2025 18:40:51