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Senate committee reviews Medicaid waiver reauthorization, pharmacy rebate transparency; no vote taken
Summary
Senate Insurance & Commerce members heard a lengthy presentation on reauthorizing the Medicaid waiver that funds the state's "our HOME" program, including proposed changes to pharmacy rebate reporting, a higher medical loss ratio and work/volunteer requirements; sponsor declined to request a committee vote.
Senate Insurance & Commerce members spent more than an hour reviewing the sponsor's proposal to reauthorize Arkansas's Medicaid waiver for the "our HOME" program, including new reporting of pharmacy rebates, a change in the medical loss ratio and language supporting a work-or-volunteer requirement pending federal approval.
Senator Irvin, who presented Senate Bill 5 27, told the committee he would not ask for a vote at this meeting so members could review the proposal during spring break. "I don't intend to ask for a vote on this today," he said, and then summarized the bill's major provisions, including capturing pharmacy rebates for the state and raising the medical loss ratio from 80 percent to 90 percent.
The bill would require…
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