Florida § 627.6572 - Pharmacy benefit manager contracts.
Full text of Florida Florida Statutes § 627.6572 — Pharmacy benefit manager contracts., with citation guidance and answers to common questions.
§ 627.6572. Pharmacy benefit manager contracts.
(1) As used in this section, the term: (a) “Maximum allowable cost” means the per-unit amount that a pharmacy benefit manager reimburses a pharmacist for a prescription drug, excluding dispensing fees, prior to the application of copayments, coinsurance, and other cost-sharing charges, if any. (b) “Pharmacy benefit manager” means a person or entity doing business in this state which contracts to administer or manage prescription drug benefits on behalf of a health insurer to residents of this state. (2) In addition to the requirements of part VII of chapter 626, a contract between a health insurer and a pharmacy benefit manager must require that the pharmacy benefit manager: (a) Update maximum allowable cost pricing information at least every 7 calendar days. (b) Maintain a process that will, in a timely manner, eliminate drugs from maximum allowable cost lists or modify drug prices to remain consistent with changes in pricing data used in formulating maximum allowable cost prices and product availability. (3) This section applies to contracts entered into or renewed on or after July 1, 2018.
Frequently Asked Questions About Florida § 627.6572
What does Florida Statutes § 627.6572 cover?
Section 627.6572 ("Pharmacy benefit manager contracts.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 627.6572?
A common citation format is "Florida Statutes § 627.6572" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 627.6572 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.