FUL is defined as

FUL is defined as

• A. MAC
• B. WAC
• C. FUL
• D. AAC

Answer: (C)

The term being tested is the price ceiling used in Medicaid billing. FUL stands for Federal Upper Limit, which is the maximum amount Medicaid will reimburse for a multisource generic drug at the federal level. This ceiling helps ensure consistent reimbursement across states by limiting how much can be paid for those drugs. The other pricing terms refer to different price points used in reimbursement calculations: Maximum Allowable Cost is the upper limit used by some programs for generic drugs, Wholesale Acquisition Cost is the list price wholesalers pay to manufacturers, and Actual Acquisition Cost is the price a pharmacy actually pays to acquire the drug. Understanding that FUL is the federal price cap for multisource drugs clarifies why reimbursement cannot exceed that limit.

The term being tested is the price ceiling used in Medicaid billing. FUL stands for Federal Upper Limit, which is the maximum amount Medicaid will reimburse for a multisource generic drug at the federal level. This ceiling helps ensure consistent reimbursement across states by limiting how much can be paid for those drugs. The other pricing terms refer to different price points used in reimbursement calculations: Maximum Allowable Cost is the upper limit used by some programs for generic drugs, Wholesale Acquisition Cost is the list price wholesalers pay to manufacturers, and Actual Acquisition Cost is the price a pharmacy actually pays to acquire the drug. Understanding that FUL is the federal price cap for multisource drugs clarifies why reimbursement cannot exceed that limit.