Lower Drug Prices for Kids: Expanding Rebate Program
This act allows states to extend the Medicaid drug rebate program to the Children's Health Insurance Program (CHIP). The goal is to reduce prescription drug costs for children, potentially leading to lower expenses for families and improved access to necessary medications.
Key points
States can voluntarily include CHIP in the drug rebate system, allowing for lower prices.
The change aims to reduce financial burdens on families related to purchasing children's medications.
Potentially better access to medicines for children covered by CHIP due to lower costs.
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