Section 15-1622 – Scope of Part
(a) Except as provided for in subsection (b) of this section, the provisions of §§ 15–1623 and 15–1624 of this subtitle apply only to a pharmacy benefits manager that provides pharmacy benefits management services on behalf of a carrier. (b) The provisions of §§ 15–1623 and 15–1624 of this part do not apply to a pharmacy benefits […]
Section 15-1623 – Requirements Before Entering Into Contract
(a) Before entering into a contract with a purchaser, a pharmacy benefits manager: (1) as applicable, shall inform the purchaser that the pharmacy benefits manager may: (i) solicit and receive manufacturer payments; (ii) pass through or retain the manufacturer payments depending on the contract terms with a purchaser; (iii) sell aggregate utilization information; and (iv) share aggregate utilization information with other […]
Section 15-1624 – Rebate Sharing Contract
(a) If a purchaser has a rebate sharing contract, a pharmacy benefits manager shall offer to provide the purchaser a report for each fiscal quarter and each fiscal year that contains the amount of the: (1) net revenue of the pharmacy benefits manager from sales of prescription drugs to purchasers made through the pharmacy benefits manager’s network […]
Section 15-1625 – Effect of Part
This part does not diminish the authority of the Office of the Attorney General or the Commissioner to obtain information relating to a pharmacy benefits manager and use the information in any proceeding.