Lower Drug Prices for Kids: CHIP Drug Rebates Option
This bill allows states to potentially lower the cost of prescription drugs for children covered by the Children's Health Insurance Program (CHIP). By extending Medicaid drug rebate rules to CHIP, states can negotiate better prices for medicines, which could lead to savings for families and improved access to necessary medications for children.
Key points
States gain the option to apply Medicaid drug rebate requirements to their Children's Health Insurance Program (CHIP).
This aims to reduce prescription drug costs for children enrolled in CHIP.
Potential benefits include lower out-of-pocket expenses for families and better access to essential medicines for children.
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