§ 20-76-505 - Rebate amount. - Arkansas Statutes

20-76-505. Rebate amount.

(a) The Director of the Department of Human Services shall negotiate the amount of the rebate required from a manufacturer or labeler in accordance with this section.

(b) The director shall take into consideration:

(1) The rebate calculated under the Medicaid rebate program under 42 U.S.C. 1396r-8;

(2) The average wholesale price of prescription drugs; and

(3) Any other available information on prescription drug prices and price discounts.

(c) The director shall use his or her best efforts to obtain an initial rebate amount equal to or greater than the rebate calculated under the Medicaid rebate program under 42 U.S.C. 1396r-8.

(d) To assist with the rebate program under this subchapter, the director shall use his or her best efforts to obtain a rebate equal to or greater than the amount of price reduction for prescription drugs provided to the United States Government.