Pharmaceuticals; authorize the Division of Medicaid to establish a wholesale prescription drug importation program.

SB 2715 creates a Mississippi Medicaid program to import prescription drugs from Canada and other approved sources at lower costs for state residents. The program requires Medicaid to contract with wholesalers and Canadian suppliers, import only FDA-compliant drugs that meet safety and patent standards, and exclude certain drugs like biologics, infused medications, and controlled substances. It mandates annual reporting to the legislature on program details, cost savings, and participant numbers, while requiring drug manufacturers to submit quarterly pricing and rebate data. The bill aims to lower prescription costs for consumers and health plans through regulated importation, subject to federal law compliance.