What is the pharmacy fee schedule?

The maximum fee is based on the Average Wholesale Price (AWP) found in the most current prescription Red Book or Medi‐Span database. The pharmacy fee schedule uses a reimbursement price of the AWP, minus 12 percent for brand name drugs plus a $4 dispensing fee. The reimbursement price for generic drugs is AWP, minus 20 percent, plus a $5 dispensing fee.