Medicaid and Medicare were signed into law in 1967.
23 years later the Omnibus Reconciliation Act of 1990 created the
Medicaid Drug Rebate Program.
13 years later Medicare Average Sales Price (ASP) was created in
Medicare Modernization Act 2003.
4 years later, the industry finally received a Medicaid regulation
with the Deficit Reduction Act of 2007 after 17 years of silence.
3 years later, Patient Protection and Affordable Care Act of 2010.
Since then there has been a flurry of activity as each
administration has their own views on healthcare.