Sec. 614. Payments for prescription drugs and approved devices and equipment
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/bill/116/s/1129/is/section-614A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The prices to be paid for covered pharmaceuticals, medical supplies, and medically necessary assistive equipment shall be negotiated annually by the Secretary. The Secretary shall establish a prescription drug formulary system, which shall encourage best-practices in prescribing and discourage the use of ineffective, dangerous, or excessively costly medications when better alternatives are available. The formulary under this subsection shall promote the use of generic medications to the greatest extent possible.
The formulary under this subsection shall be updated frequently and clinicians and patients may petition the Secretary to add new pharmaceuticals or to remove ineffective or dangerous medications from the formulary. The Secretary shall promulgate rules regarding the use of off-formulary medications which allow for patient access but do not compromise the formulary.