Relating to prescription drugs; declaring an emergency.

Requires ] Permits Oregon Health Authority to enter ] take steps necessary to ensure that authority pays lowest cost for prescription drugs purchased for recipients of medical assistance, including by entering into agreement with third party to be purchasing agent to assist authority in purchasing prescription drugs for medical assistance recipients ]. Establishes Oregon Medicaid Purchasing Cooperative to advise authority, purchasing agent and, with respect to purchasing drugs, Practitioner-Managed Prescription Drug Plan. Requires authority to develop and issue request for proposals for purchasing agent and to be advised by cooperative in selecting purchasing agent. Declares emergency, effective on passage.