2017 Louisiana Laws
Revised Statutes
TITLE 22 - Insurance
RS 22:1863 - Definitions
SUBPART C-1. PHARMACY BENEFIT MANAGER'S MAINTENANCE
AND USE OF MAXIMUM ALLOWABLE COST LISTS
FOR PRESCRIPTION DRUGS
§1863. Definitions
As used in this Subpart, the following definitions shall apply:
(1) "Maximum Allowable Cost List" means a listing of the National Drug Code used by a pharmacy benefits manager setting the maximum allowable cost on which reimbursement to a pharmacy or pharmacist may be based.
(2) "NDC" means the National Drug Code, a numerical identifier assigned to all prescription drugs.
(3) "Pharmacist" means a licensed pharmacist as defined in R.S. 22:1852(8).
(4) "Pharmacist services" means products, goods, or services provided as a part of the practice of pharmacy as defined in R.S. 22:1852(9).
(5) "Pharmacy" means any appropriately licensed place where prescription drugs are dispensed as defined in R.S. 22:1852(10).
(6) "Pharmacy benefits manager" means an entity that administers or manages a pharmacy benefits plan or program.
(7) "Pharmacy benefits plan" or "pharmacy benefits program" means a plan or program that pays for, reimburses, covers the cost of, or otherwise provides for pharmacist services to individuals who reside in or are employed in Louisiana.
Acts 2014, No. 391, §1.
