New York state lawmakers and Gov. Andrew Cuomo (D) agreed this week to postpone transferring Medicaid managed care prescription drug benefits to Medicaid fee for service (FFS) for two years, temporarily averting a significant financial loss to 340B covered entities.
The transition, often called the 340B carveout, had been slated to go into effect on May 1. State lawmakers and Cuomo on Tuesday night finished work on budget legislation for the fiscal year that began April 1 that delayed the carveout until April 1, 2023, according to an announcement from Cuomo’s office.
New York state lawmakers and Gov. Andrew Cuomo (D) agreed this week to postpone transferring Medicaid managed care prescription drug benefits to Medicaid fee for service (FFS) for two years, temporarily averting a significant financial loss to 340B covered entities.
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