2018 Session

Budget Amendments - SB30 (Floor Approved)

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Tracking Pharmacy Rebates (language only)

Item 307 #14s

Item 307 #14s

Health and Human Resources
Department of Medical Assistance Services


Page 284, after line 22, insert:

"V.  The Department of Medical Assistance Services shall, prior to the end of each fiscal quarter, determine and properly reflect in the accounting system whether pharmacy rebates received in the quarter are related to fee-for-service or managed care expenditures and whether or not the rebates are prior year recoveries or expenditure refunds for the current year. All pharmacy rebates for the quarter determined to be prior year revenue shall be deposited to the Virginia Health Care Fund before the end of the fiscal quarter. The department shall create and use a separate revenue source code to account for pharmacy rebates in the Virginia Health Care Fund."


(This amendment directs the Department of Medical Assistance Services to improve tracking of pharmacy rebates which will allow better monitroing of overall Medicaid expenditures throughout the year.)