system will continue to move towards quality over quantity, holding manufacturers and providers accountable for the best treatment for every patient. 3. Codifying value-based purchasing arrangements under Medicaid and reforms related to price reporting under such arrangements (a) Codifying the VBP rule The revision to section 447.505(a) of title 42, Code of Federal Regulations, related to the inclusion of varying best price points available under a value-based purchasing arrangement (as defined in section 1927(k)(12) of the Social Security Act ( 42 U.S.C. 1396r–8(k)(12) , as added by subsection (d) of this section) for a single dosage form and strength of a covered outpatient drug if a manufacturer offers such pricing structure to all States, shall have the force and effect of law. (b) Quarterly reporting obligation (1) In general Section 1927(b)(3)(A) of the Social Security Act ( 42 U.S.C. 1396r–8(b)(3)(A) ) is amended— (A) in clause (iv), by striking at the end and