MEDICAID-PRESCRIPTION DRUGS

Amends the Illinois Public Aid Code in relation to Medicaid. Provides for differential dispensing fees for pharmacies in connection with prescriptions for adult care homes and differential ingredient cost reimbursement of generic and brand name pharmaceuticals. Provides for limiting reimbursement for a prescription to the multisource generic equivalent drug. Prohibits prior authorization requirements for medications used to treat mental illnesses. Authorizes the Department of Public Aid to establish a statewide advisory committee to advise the Department in the development of a preferred formulary listing of drugs covered by the State's Medicaid program. Requires the Department to evaluate drugs and drug classes for inclusion in the State Medicaid preferred drug formulary based on safety, effectiveness, and clinical outcomes of treatments. Makes other changes. Effective immediately.