• Establishes discount prescription drug program, overseen by California Department of Health Services.
• Enables certain low- and moderate-income California residents to purchase prescription drugs at reduced prices.
• Authorizes Department: to contract with participating pharmacies to sell prescription drugs at agreed-upon discounts negotiated in advance; to negotiate rebate agreements with participating drug manufacturers.
• Imposes $15 annual application fee.
• Creates state fund for deposit of drug manufacturers’ rebate payments.
• Requires Department’s prompt determination of residents’ eligibility, based on listed qualifications.
• Permits outreach programs to increase public awareness.
• Allows program to be terminated under specified conditions.