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§ 4532. Availability of multiple source generic list

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. InsuranceEffective: May 22, 2017

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 40 P.S. Insurance (Refs & Annos)
Chapter 45. Pharmacy Audit Integrity and Transparency Act
Chapter 7. Pbm Cost Transparency Requirements (Refs & Annos)
Effective: May 22, 2017
40 P.S. § 4532
§ 4532. Availability of multiple source generic list
Currentness
(a) General rule.--Upon each contract execution or renewal, a PBM shall, with respect to contracts between a PBM and a pharmacy, or its representative, including a PSAO:
(1) Include in the contract the sources utilized to determine multiple source drug pricing, including, if applicable, the maximum allowable cost or any successive pricing formula of the PBM.
(2) Update the pricing information every seven calendar days.
(3) Establish a reasonable process by which pharmacies have a method to access relevant or current maximum allowable cost pricing lists in effect and any successive pricing formulas in a timely fashion.
(b) Confidentiality provision.--Nothing in this section may prohibit a PBM from establishing a reasonable confidentiality provision with a pharmacy or its representative, including a PSAO.

Credits

2016, Nov. 21, P.L. 1318, No. 169, § 702, effective in 180 days [May 22, 2017].
40 P.S. § 4532, PA ST 40 P.S. § 4532
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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