This act [27-2C-1 to 27-2C-8 NMSA 1978] may be cited as the “Pharmaceutical Supplemental Rebate Act”. History: Laws 2002, ch. 105, § 1. ANNOTATIONS Effective dates. — Laws 2002, ch. 105, § 9 made the act effective July 1, 2002.
As used in the Pharmaceutical Supplemental Rebate Act: A. “department” means the human services department; B. “labeler” means a person that receives prescription drugs from a manufacturer or wholesaler and repackages those drugs for later retail sale, and that has a labeler code from the federal food and drug administration; C. “manufacturer” means a manufacturer […]
A. The department shall develop or implement a formulary or preferred drug list, taking into consideration the clinical efficacy, safety and cost effectiveness of a product. B. The department shall ensure that the administration or delivery of health care services and products under the medicaid program includes a formulary that will provide medically appropriate drug […]
A. The secretary shall negotiate discount prices or rebates for prescription drugs from drug manufacturers and labelers that include supplemental rebates for the medicaid program over and above those required under 42 U.S.C. 1396r-8. B. In negotiating rebate terms, the secretary shall consider the rebate calculated under the medicaid rebate program pursuant to 42 U.S.C. […]
The department shall report the savings from the pharmaceutical supplemental rebates for the preceding fiscal year to the legislative health and human services committee by November 1 of each year. History: Laws 2002, ch. 105, § 5. ANNOTATIONS Effective dates. — Laws 2002, ch. 105, § 9 made the act effective July 1, 2002.
When the secretary finds that it is beneficial to the medicaid program and another state program to combine drug pricing negotiations to maximize drug rebates, the secretary may do so. History: Laws 2002, ch. 105, § 6. ANNOTATIONS Effective dates. — Laws 2002, ch. 105, § 9 made the act effective July 1, 2002.
The department shall adopt rules to implement the provisions of the Pharmaceutical Supplemental Rebate Act [27-2C-1 NMSA 1978]. History: Laws 2002, ch. 105, § 7. ANNOTATIONS Effective dates. — Laws 2002, ch. 105, § 9 made the act effective July 1, 2002.
The department shall seek any waivers of federal law or rule necessary to implement the provisions of the Pharmaceutical Supplemental Rebate Act [27-2C-1 NMSA 1978]. History: Laws 2002, ch. 105, § 8. ANNOTATIONS Effective dates. — Laws 2002, ch. 105, § 9 made the act effective July 1, 2002.
