Proposed by initiative petition to be voted on at the General Election, November 7, 2006.
ALLOWS ANY OREGON RESIDENT WITHOUT PRESCRIPTION DRUG COVERAGE TO PARTICIPATE IN OREGON PRESCRIPTION DRUG PROGRAM
RESULT OF "YES" VOTE: Yes" vote expands eligibility to participate in Oregon Prescription Drug Program to Oregon residents who have no prescription drug coverage (except Medicare), eliminating current restrictions.
RESULT OF "NO" VOTE: "No" vote retains current law limiting participation in Oregon Prescription Drug Program to Oregon residents over age 54 who meet income limit, past coverage limitation.
SUMMARY: Existing law authorizes the Oregon Prescription Drug Program, which is intended to reduce prescription drug costs and to make prescription drugs available to participants at the lowest possible cost. Existing law authorizes the program's administrator, among other things, to negotiate price discounts, to purchase prescription drugs on behalf of participants, and to reimburse pharmacies. Under current law, Oregon residents over age 54 whose gross annual income does not exceed 185 percent of the federal poverty guidelines and who have not had private prescription drug benefit coverage for the past 6 months are eligible to participate in the Program. Measure eliminates those restrictions and expands Program eligibility to all Oregon residents who have no prescription drug coverage except Medicare Part D. Provides no funding. Other provisions.ESTIMATE OF FINANCIAL IMPACT: There is no direct financial effect on state or local government expenditures or revenue.