MEDICAID-PHARMACY-SR DISCOUNT

Amends the Illinois Public Aid Code. Provides that a Medicare beneficiary or a beneficiary of pharmaceutical assistance under the Senior Citizens and Disabled Persons Property Tax Relief and Pharmaceutical Assistance Act is entitled to obtain prescription drugs at prices based on a pharmacy's Medicaid reimbursement rates. Requires that pharmacies implement this prescription drug discount benefit as a condition of participating in the Medicaid program. Requires the Department of Public Aid to make certain reports to the General Assembly and to execute necessary interagency agreements with the Department on Aging and the Department of Revenue. Provides for evaluation of the prescription drug discount benefit if prescription drugs are covered by Medicare. Repeals these provisions on July 1, 2007.