An Act establishing a prescription drug rebate program for seniors

This bill establishes a prescription drug rebate program for Massachusetts residents aged 65 and older with an annual household income of $50,000 or less. Eligible individuals would receive reimbursement for their total out-of-pocket costs, including insurance co-pays, for covered prescription drugs, with a maximum annual rebate of $2,500 per person. The program would be funded through the state's General Fund and would expire after four years unless reauthorized by the legislature.