| 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. |