| The department shall enter into a drug rebate agreement with |
each manufacturer of prescription drugs under the Medicaid |
program, in accordance with Section 1927 of the federal Social |
Security Act, as long as the agreements are consistent with |
state and federal law, are approved by the federal Health Care |
Finance Administration and result in a net increase in rebate |
revenue available to the Maine Medicaid Program. Individual |
rebate agreements may vary. The department shall seek to |
achieve an aggregate rebate amount from all agreements that is |
at least 6 percentage points higher than the percentage of the |
total Medicaid drug expenditures that the rebates would |
otherwise be under Section 1927 of the federal Social Security |
Act. Any increase in revenue from the Medicaid drug rebate |
program over accepted estimates as of the effective date of |
this section June 30, 1998 that results in a higher percentage |
of the total Medicaid drug rebates must be reserved to provide |
coverage pursuant to section 3174-G, subsection 1-A 1-C. In |
the event that the department is not able to achieve the |
rebate amount required by this section without compromising |
the best interest of Medicaid recipients and the Medicaid drug |
rebate program, the department shall report to the joint |
standing committee of the Legislature having jurisdiction over |
health and human services matters and the joint standing |
committee of the Legislature having jurisdiction over |
appropriations and financial affairs in the next regular |
session of the 119th Legislature. |