Indiana Code 27-1-24.5-7. “Maximum allowable cost”
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Indiana Code 27-1-24.5-7
- generic drug: means a drug product that is identified by the drug's chemical name and that is:
Indiana Code 27-1-24.5-4
- pharmacy: means the physical location:
Indiana Code 27-1-24.5-11
Sec. 7. As used in this chapter, “maximum allowable cost” means the maximum amount that a pharmacy benefit manager will reimburse a pharmacy for the cost of a generic drug. The term does not include a dispensing fee or professional fee.
As added by P.L.68-2020, SEC.1. Amended by P.L.32-2021, SEC.76.