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MEDICAID DRUG SPENDING INCREASED 48.4% NET OF REBATES FROM 1990-1993, HCFA REPORT FINDS; NACDS SEEKS CONTINUED COLLECTION OF REBATES TO NURSING HOMES

Executive Summary

Medicaid prescription drug spending increased by 48.4% from 1990-1993 despite the introduction of "best price" rebates from pharmaceutical manufacturers in 1991, a Nov. 8 Health Care Financing Administration report entitled "Impact of the Medicaid Drug Rebate Program" found.
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