Peter, Klibanoff; Tapas, Kundu - In: The B.E. Journal of Economic Analysis & Policy 10 (2010) 1, pp. 1-43
To control Medicaid's expenditure on prescription drugs, 1990 legislation established a rebate program guaranteeing Medicaid a rebate on each unit purchased by Medicaid participants. The rebate is the difference between the minimum price and the average manufacturer price (minimum price rule) or...