Section 4350-B - Prescription drug formularies; pharmacy and therapeutics committee1.Pharmacy and therapeutics committee; use of formulary. A carrier, or a pharmacy benefits manager under contract with a carrier, shall establish a pharmacy and therapeutics committee. A carrier shall require its pharmacy and therapeutics committee or the pharmacy and therapeutics committee of the carrier's pharmacy benefits manager to use one or more formularies. [2019, c. 469, §8(NEW); 2019, c. 469, §9(AFF).]
2.Pharmacy and therapeutics committee; no conflict of interest for members. A carrier, or a pharmacy benefits manager under contract with a carrier, may not allow a person with a conflict of interest, as described in paragraph A or B, to be a member of its pharmacy and therapeutics committee. A person may not serve as a member of a pharmacy and therapeutics committee if the person: A. Is employed, or was employed within the preceding year, by a pharmaceutical manufacturer, developer, labeler, wholesaler or distributor; or [2019, c. 469, §8(NEW); 2019, c. 469, §9(AFF).]B. Receives compensation, or received compensation within the preceding year, from a pharmaceutical manufacturer, developer, labeler, wholesaler or distributor. [2019, c. 469, §8(NEW); 2019, c. 469, §9(AFF).] [2019, c. 469, §8(NEW); 2019, c. 469, §9(AFF).]
3. Compensation prohibited. A carrier, or a pharmacy benefits manager under contract with a carrier, shall prohibit its pharmacy and therapeutics committee or any member of the committee from receiving any compensation from a pharmaceutical manufacturer, developer, labeler, wholesaler or distributor. [2019, c. 469, §8(NEW); 2019, c. 469, §9(AFF).]
Added by 2019, c. 469,§ 8, eff. 1/1/2020.