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Federal Medical Assistance Percentage (FMAP)

The total percent of a state’s Medicaid expenses that are paid for by the federal government. This percentage can vary from 50 percent to 83 percent. The FMAP for beneficiaries made eligible by the Affordable Care Act’s voluntary Medicaid expansion provisions will be 100 percent initially, scaling back to 90 percent in future years.

Biological Drugs

Biological, or Biologic, drugs are those made by or from living organisms (i.e. gene therapy, vaccines, antibodies, stem cells); such drugs, and their generic forms,…