The Secretary should direct drug manufacturers to calculate AMPs for these drugs to allow States to collect rebates. In order to maintain pharmacy reimbursement at appropriate levels for these drugs, the Secretary should use the discretion that is provided under the Patient Protection and Accountable Care Act to calculate a Federal upper limit, FUL, at an amount that is at least 175 percent of the weighted average AMP for those covered outpatient drugs.
The speaker is addressing the need for drug manufacturers to calculate Average Manufacturer Prices for rebate collection.
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More from Harry Reid
Let ‘em do it. Why in the world would we care? We were trying to protect everybody.
I didn't make it in life because of my athletic prowess. I didn't make it because of my good looks. I didn't make it because I'm a genius. I made it because I worked hard.
He has no regrets. He says he had to do it to save Obama’s presidency because of what the Republicans were doing to obstruct the president’s confirmation of judges and other legislative things.
But the purpose of politics that Harry Reid understood very well is to get stuff done.
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