Texas § IN.1560.004 - PRESCRIPTION DRUG REIMBURSEMENT RATES
Full text of Texas The Texas Constitution § IN.1560.004 — PRESCRIPTION DRUG REIMBURSEMENT RATES, with citation guidance and answers to common questions.
§ IN.1560.004. PRESCRIPTION DRUG REIMBURSEMENT RATES
PRESCRIPTION DRUG REIMBURSEMENT RATES. (a) An issuer of a health benefit plan that provides pharmacy benefits to enrollees shall reimburse pharmacies participating in the health plan using prescription drug reimbursement rates, for both brand name and generic prescription drugs, that are based on a current and nationally recognized benchmark index that includes average wholesale price and maximum allowable cost. (b) Regardless of whether a pharmacy is a mail order pharmacy or a community retail pharmacy, an issuer of a health benefit plan shall use the same benchmark index, including the same average wholesale price, maximum allowable cost, and national prescription drug codes, to reimburse all pharmacies participating in the health benefit plan. Added by Acts 2009, 81st Leg., R.S., Ch. 1207 (S.B. 704 ), Sec. 5, eff. September 1, 2009.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.1560.004
What does The Texas Constitution § IN.1560.004 cover?
Section IN.1560.004 ("PRESCRIPTION DRUG REIMBURSEMENT RATES") is part of the The Texas Constitution, the codified statutory law of Texas. 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 Texas § IN.1560.004?
A common citation format is "The Texas Constitution § IN.1560.004" (Texas). 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 Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.1560.004 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas 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 Texas.