40-3829. Pharmacy benefits managers; maximum allowable cost pricing; definitions. As used in this act*:
(a) "List" means the list of drugs for which maximum allowable costs have been established;
(b) "maximum allowable cost" or "MAC" means the maximum amount that a pharmacy benefits manager will reimburse a pharmacy for the cost of a generic drug;
(c) "network pharmacy" means a pharmacy that contracts with a pharmacy benefits manager; and
(d) "pharmacy benefits manager" or "PBM" shall have the same meaning as K.S.A. 40-3822(e), and amendments thereto.
History: L. 2016, ch. 13, ยง 1; July 1.
Structure Kansas Statutes
Article 38 - Regulation And Registration Of Administrators
40-3801 Regulation and registration of administrators; definitions.
40-3802 Same; written agreements required; contents.
40-3804 Same; payment to administrator of premiums or charges; effect.
40-3805 Same; maintenance of information.
40-3806 Same; advertising; prior approval required.
40-3807 Same; premium collection and payment of claims.
40-3808 Same; compensation to administrator.
40-3809 Same; written notice; disclosures.
40-3810 Same; registration requirement.
40-3812 Same; home state TPA license; fees.
40-3813 Same; nonresident license; fees.
40-3814 Same; annual report; fees.
40-3815 Same; denial, suspension or revocation of license.
40-3816 Same; delivery of materials.
40-3817 Same; citation of act.
40-3821 Pharmacy benefits manager registration act; citation of act; applicability.
40-3825 Same; rules and regulations.
40-3826 Same; violation; penalty.
40-3827 Same; pharmacy benefits manager registration fee fund.
40-3829 Pharmacy benefits managers; maximum allowable cost pricing; definitions.
40-3830 Same; MAC list requirements; frequency of updates; appeals process.