S. 1589 would amend title XIX of the Social Security Act to reduce the costs of prescription drugs for enrollees of Medicaid managed care organizations by extending the discounts offered under fee-for-service Medicaid to such organizations..

== Detailed Summary ==

<summary>
(Log inDrug Rebate Equalization Act of 2007 - Amends title XIX (Medicaid) of the Social Security Act to editreduce the wiki and becosts of prescription drugs for enrollees of Medicaid managed care organizations by extending to such organizations the firstdiscounts offered under fee-for-service Medicaid plans.

Requires the state contract with a Medicaid managed care organization to provide a detailed summary ofthat: (1) payment for covered outpatient drugs dispensed to Medicaid-eligible individuals enrolled with the organization shall be subject to the same rebate as the state is subject to; and (2) the state shall allow the organization to collect such rebates from manufacturers.

Requires also that capitation rates paid to the organization be: (1) based on actual cost experience related to rebates; and (2) subject to the bill!)federal regulations requiring actuarially sound rates.
</summary>

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== Status of the Legislation ==

<status>
Latest Major Action: 6/11/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.
</status>

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== Points in Favor ==

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== Points Against ==

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