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Current Status Bill Number:View additional legislative information at the LPITS web site.4828 Type of Legislation:General Bill GB Introducing Body:House Introduced Date:20020228 Primary Sponsor:Jennings All Sponsors:Jennings, Bales, Hayes, Altman, Battle, J. Brown, R. Brown, Harvin, Kennedy, Miller, J.H. Neal, Rhoad, Snow, Stille, Weeks, Wilder and J. Young Drafted Document Number:l:\council\bills\nbd\11177ac02.doc Residing Body:House Current Committee:Ways and Means Committee 30 HWM Subject:Medicare Prescription Cost Containment Act History Body Date Action Description Com Leg Involved ______ ________ ______________________________________ _______ ____________ House 20020228 Introduced, read first time, 30 HWM referred to Committee Versions of This Bill
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 40-43-190 SO AS TO ENACT THE "MEDICARE PRESCRIPTION COST CONTAINMENT ACT" AND TO REQUIRE THE LOWEST POSSIBLE COST, INCLUDING REBATES, DISCOUNTS, AND PROMOTIONS, TO BE USED TO ESTABLISH PRESCRIPTION DRUG PRICES FOR MEDICARE RECIPIENTS WHO HAVE NO OTHER PRESCRIPTION DRUG COVERAGE AND TO REQUIRE DISPENSING FEES TO BE EQUAL TO THAT CHARGED FOR DISPENSING MEDICAID PRESCRIPTIONS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. This act may be cited as the "Medicare Prescription Cost Containment Act".
SECTION 2. The 1976 Code is amended by adding:
"Section 40-43-190. Notwithstanding any other provision of law, the lowest possible cost including, but not limited to, rebates, discounts, and promotions from pharmaceutical manufacturers, distributors, and suppliers must be used to establish prescription drug prices for persons receiving Medicare benefits who do not have any other prescription drug insurance coverage, including Medicaid. Dispensing fees for these prescriptions must be equal to that charged for persons receiving Medicaid benefits."
SECTION 3. This act takes effect upon approval by the Governor.
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