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Home » US Law » 2022 Michigan Compiled Laws » Chapter 550 - General Insurance Laws » Act 218 of 1984 - Third Party Administrator Act (550.901 - 550.962) » Section 550.927 – Disclosure of Current Selling Prices; Prohibited Contract Provisions.
550.927 Disclosure of current selling prices; prohibited contract provisions.

Sec. 27.

A contract between a carrier or third party administrator that is a pharmacy benefit manager and a pharmacy must not prohibit the pharmacy from disclosing the current selling price of a drug in accordance with section 17757 of the public health code, 1978 PA 368, MCL 333.17757. This section applies to a contract described in this section executed, extended, or renewed on or after the effective date of the amendatory act that added this section.

History: Add. 2022, Act 12, Imd. Eff. Feb. 23, 2022