§ 73-21-151. Short title
Sections 73-21-151 through 73-21-159 shall be known as the “Pharmacy Benefit Prompt Pay Act.”
§ 73-21-153. Definitions
For purposes of Sections 73-21-151 through 73-21-159, the following words and phrases shall have the meanings ascribed herein unless the context clearly indicates otherwise: “Board” means the State Board of Pharmacy. “Commissioner” means the Mississippi Commissioner of Insurance. “Day” means a calendar day, unless otherwise defined or limited. “Electronic claim” means the transmission of data […]
§ 73-21-155. Most current nationally recognized reference price to be used in calculation of reimbursement for prescription drugs and other products and supplies; updating of reference price; time period for payment of benefits; “clean claim” defined; compliance; penalties
Reimbursement under a contract to a pharmacist or pharmacy for prescription drugs and other products and supplies that is calculated according to a formula that uses a nationally recognized reference in the pricing calculation shall use the most current nationally recognized reference price or amount in the actual or constructive possession of the pharmacy benefit […]
§ 73-21-157. License required to do business as pharmacy benefit manager; pharmacy benefit managers to file certain financial statements with State Board of Pharmacy; time period for filing statements
Before beginning to do business as a pharmacy benefit manager, a pharmacy benefit manager shall obtain a license to do business from the board. To obtain a license, the applicant shall submit an application to the board on a form to be prescribed by the board. Each pharmacy benefit manager providing pharmacy management benefit plans […]
§ 73-21-159. Financial examination of pharmacy benefit manager
In lieu of or in addition to making its own financial examination of a pharmacy benefit manager, the board may accept the report of a financial examination of other persons responsible for the pharmacy benefit manager under the laws of another state certified by the applicable official of such other state. The board shall coordinate […]