Provider Notice issued 06/30/12
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The pharmacy’s usual and customary charge; or
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The department’s maximum price plus the established dispensing fee of $5.50 for generic drugs and $2.40 for brand name drugs.
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Wholesale Acquisition Cost (WAC)
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The Federal Upper Limit (FUL)
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The State Upper Limit, or State Maximum Allowable Cost (SMAC)
Pharmacy Reimbursement Changes Effective July 1, 2012
To: | Participating Pharmacies |
Date: | June 30, 2012 |
Re: | Pharmacy Reimbursement Changes Effective July 1, 2012 |
As a result of Public Act 097-0689 (pdf), referred to as the Save Medicaid Access and Resources Together (SMART) Act, the department is required to reduce pharmacy reimbursement rates by 2.7%. Therefore, the department is reducing its pharmacy reimbursement rates as follows, effective July 1, 2012.
Effective July 1, 2012, pharmacies will be reimbursed at the lesser of:
For legend prescription drugs, the department’s maximum price is calculated at the lowest of:
Any questions regarding this notice should be directed to the Bureau of Pharmacy Services at 1-877-782-5565, option 7.
Theresa A. Eagleson, Administrator
Division of Medical Programs