Text of section effective until April 01, 2025
Sec. 531.0701.  VALUE-BASED ARRANGEMENTS.  (a)  In this section, "manufacturer" has the meaning assigned by Section 531.070.
(b)  Subject to Section 531.071, the commission may enter into a value-based arrangement for the Medicaid vendor drug program by written agreement with a manufacturer based on outcome data or other metrics to which this state and the manufacturer agree in writing.  The value-based arrangement may include a rebate, a discount, a price reduction, a contribution, risk sharing, a reimbursement, payment deferral or installment payments, a guarantee, patient care, shared savings payments, withholds, a bonus, or any other thing of value.
Added by Acts 2019, 86th Leg., R.S., Ch. 272 (S.B. 1780), Sec. 1, eff. September 1, 2019.
Repealed by Acts 2023, 88th Leg., R.S., Ch. 769 (H.B. 4611), Sec. 3.01, eff. April 1, 2025.