| Issue Date: | 2002-03-01 |
|---|---|
| Revised Date: | 2003-02-01 |
Legal Cites
- Government Code sec. 403.011, sec. 403.012
- General Appropriations Act
Object Type
Cash — Health
Origin Date
March 1, 2002
Description
To record the rebates received by the state from drug manufacturing companies. Amounts are based on pharmaceutical sales of certain prescriptions in the CHIP Vendor Drug program. Also used to record experience rebates, which must be paid by STAR HMOs, which are a form of profit sharing. The rebate is calculated using a graduated method based on the excess of allowable revenues over allowable expenses based on pre-tax income.
Due Date
At time of receipt.
Collecting Agencies
Deposit Funds
Note
USAS Values
| Appropriation Year | 24 |
|---|---|
| USAS Title | VENDOR DRUG/HMO EXPERIENCE - REBATE CHIP |
| Receipt Category | 12 – Health |
| Receipt Type | 90 – Other Receipts |
| Object Group | 22 – Refund of Expenditure |
| USAS Status | A |
| Rev/Exp Category | 26 – STATE HEALTH SERVICE FEES AND REBATES |