Md. Code, Insurance § 15-1612
This is the official text of Md. Code, Insurance § 15-1612, part of Maryland’s Code, Insurance — regulates insurance companies and the policies they sell.
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§15–1612.
Official statutory text
(a) This section applies only to a pharmacy benefits manager that provides pharmacy benefits management services on behalf of a carrier.
(b) This section does not apply to reimbursement:
(1) except as provided in § 15–847.2 of this title, for specialty drugs;
(2) for mail order drugs; or
(3) to a chain pharmacy with more than 15 stores or a pharmacist who is an employee of the chain pharmacy.
(c) A pharmacy benefits manager may not reimburse a pharmacy or pharmacist for a pharmaceutical product or pharmacist service in an amount less than the amount that the pharmacy benefits manager reimburses itself or an affiliate for providing the same product or service.
(b) This section does not apply to reimbursement:
(1) except as provided in § 15–847.2 of this title, for specialty drugs;
(2) for mail order drugs; or
(3) to a chain pharmacy with more than 15 stores or a pharmacist who is an employee of the chain pharmacy.
(c) A pharmacy benefits manager may not reimburse a pharmacy or pharmacist for a pharmaceutical product or pharmacist service in an amount less than the amount that the pharmacy benefits manager reimburses itself or an affiliate for providing the same product or service.
Status: in_force · Read it on the official government site
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