Providing Veterans Essential Medications Act

This bill amends a provision in the law governing veterans' care to ensure State homes receive reimbursement for high-cost medications. It defines "costly medication" as drugs exceeding 8.5% of the standard payment (plus a 3% fee) for a veteran's care in a State home. Covered State homes can choose to either be reimbursed for these medications or receive the medications directly from the Secretary. The policy directly affects State homes that provide nursing care to veterans and administer such costly medications.