New Mexico Statutes Chapter 13. Public Purchases and Property § 13-7-17.1. Community-based pharmacy reimbursement

(1) for the ingredient cost of a prescription drug at a value that is at least equal to the national average drug acquisition cost for the prescription drug at the time that the prescription drug is administered or dispensed, or if data for the national average drug acquisition cost is unavailable, the wholesale acquisition cost of the prescription drug;  and

(2) a professional dispensing fee.

(1) “community-based pharmacy provider” means a pharmacy that is:

(2) “ingredient cost” means the actual amount paid to a community-based pharmacy provider for a prescription drug, not including the professional dispensing fee or cost sharing;

(3) “medicaid” means the medical assistance program established pursuant to Title 19 of the federal Social Security Act and regulations issued pursuant to that act;

(4) “national average drug acquisition cost” means the national average of prices at which pharmacies purchase a prescription drug from manufacturers or wholesalers;  and

(5) “wholesale acquisition cost” means a manufacturer's list price for a prescription drug sold to wholesalers in the United States, not including discounts, rebates or reductions in price.