§ 42-66.2-4 - Amount of payment. - Rhode Island Statutes

SECTION 42-66.2-4

   § 42-66.2-4  Amount of payment. – The state shall pay the percentage rate of the maximum allowable amount perprescription as formulated in the contract, as of the date of purchase of thedrug, between the contractor and participating pharmacies in accordance withthe income eligibility and co-payment shares set forth in § 42-66.2-5. Therebates generated pursuant to § 42-66.2-10 shall be used to offset thestate's payment. The pharmacy shall collect from the consumer the percentagerate of the maximum allowable amount per prescription as formulated in thecontract, as of the date of the purchase of the eligible drug or additionaldrug, between the contractor and participating pharmacies in accordance withthe income eligibility and co-payment shares set forth in § 42-66.2-5.