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Home » US Law » 2020 Arkansas Code » Title 4 - Business and Commercial Law » Subtitle 7 - Consumer Protection » Chapter 88 - Deceptive Trade Practices » Subchapter 8 - Fair Disclosure of State Funded Payments for Pharmacists' Services Act

§ 4-88-801. Title

This subchapter shall be known and may be cited as the “Fair Disclosure of State Funded Payments for Pharmacists’ Services Act”.

§ 4-88-802. Definitions

As used in this subchapter: (1) “Pharmacy benefits manager” or “PBM” means an entity that administers or manages a pharmacy benefits plan or program; (2) “Pharmacy benefits plan or program” means any plan or program that is funded by state dollars to furnish, cover the cost of, or otherwise provide for pharmacist services to individuals […]

§ 4-88-803. Required practices

(a) A PBM, when seeking payment or reimbursement for pharmacist services provided in connection with a pharmacy benefits plan or program or reporting expenditures for pharmacist services provided in connection with a pharmacy benefits plan or program, shall itemize by individual claim: (1) The amount actually paid or to be paid to the pharmacy or […]

§ 4-88-804. Enforcement

A violation of this subchapter is a deceptive and unconscionable trade practice under the Deceptive Trade Practices Act, § 4-88-101 et seq.