Michigan Compiled Laws
Act 218 of 1984 - Third Party Administrator Act (550.901 - 550.962)
Section 550.927 - Disclosure of Current Selling Prices; Prohibited Contract Provisions.

Sec. 27.
A contract between a carrier or third party administrator that is a pharmacy benefit manager and a pharmacy must not prohibit the pharmacy from disclosing the current selling price of a drug in accordance with section 17757 of the public health code, 1978 PA 368, MCL 333.17757. This section applies to a contract described in this section executed, extended, or renewed on or after the effective date of the amendatory act that added this section.
History: Add. 2022, Act 12, Imd. Eff. Feb. 23, 2022

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 550 - General Insurance Laws

Act 218 of 1984 - Third Party Administrator Act (550.901 - 550.962)

Section 550.901 - Short Title.

Section 550.902 - Definitions.

Section 550.910 - Third Party Administrator; Certificate Required; Requirements; Instances in Which Tpa Subject to Act; Name.

Section 550.912 - Application for Certificate of Authority; Form, Verification, and Contents; Filing Notice of Modification.

Section 550.914 - Certificate of Authority; Issuance; Notice of Disapproval; Continued Compliance With Subsection (1).

Section 550.916 - Repealed. 2002, Act 74, Imd. Eff. Mar. 15, 2002.

Section 550.918 - Fees; Payment; Collection; and Designation.

Section 550.919 - Tpa Advisory Board; Creation; Appointment, Qualifications, and Terms of Members; Expenses; Duty of Board; Report.

Section 550.920 - Authority of Commissioner.

Section 550.922 - Hearings.

Section 550.924 - Destruction or Disposal of Records, Books, Papers, and Other Data.

Section 550.926 - 340b Program Entities; Reimbursement, Co-Pay, and Discrimination Prohibitions; Definitions.

Section 550.927 - Disclosure of Current Selling Prices; Prohibited Contract Provisions.

Section 550.930 - Provision of Administrative Services Pursuant to Written Service Contract; Maintenance of Books and Records; Tpa and Manager as Fiduciary.

Section 550.932 - Benefit Plan; Notice; Plan Covering Less Than 500 Individuals; Service Contract Between Tpa and Governmental Entity Not Subject to Erisa; Construction of Act.

Section 550.934 - Confidentiality.

Section 550.936 - Annual Statement; Report.

Section 550.940 - Prohibited Conduct Generally.

Section 550.942 - Additional Prohibited Conduct.

Section 550.944 - Additional Prohibited Conduct.

Section 550.950 - Violation; Probable Cause; Notice; Conference; Disposition of Matter Upon Agreement of Parties; Action for Damages; Hearing; Findings and Decision; Cease and Desist Order; Additional Order.

Section 550.952 - Civil Fine; Suspension or Revocation of Certificate or License; Refusal to Issue; Grounds for Denial, Suspension, Revocation, or Cease and Desist Order; Definition.

Section 550.954 - Alteration, Modification, or Setting Aside of Order.

Section 550.956 - Judicial Review; Petition for Review; Transcript of Record and Copy of Order or Decision; Hearing Cause as Civil Case in Equity; Evidence; Duty of Court; Incomplete Record; Stay of Order or Decision; Jurisdiction.

Section 550.958 - Self-Incrimination; False Oath or Affirmation.

Section 550.960 - Rules.

Section 550.962 - Repealed. 2002, Act 74, Imd. Eff. Mar. 15, 2002.