Medicaid Drug Rebate Program

The Medicaid Drug Rebate Program is a U.S. government initiative designed to lower the cost of prescription drugs for Medicaid recipients, who are often low-income individuals. Under this program, drug manufacturers pay rebates to state Medicaid programs for the medications covered. This ensures that the states pay less for these drugs and helps keep them affordable for those who rely on Medicaid for their healthcare. The program aims to balance the needs of patients, healthcare providers, and the pharmaceutical industry while managing public health expenditures efficiently.