South Dakota Statutes
§ 58-29E-18 — Duties--Pharmacy benefit manager.
A pharmacy benefit manager shall:
(1)Provide each pharmacy in a pharmacy network with reasonable access to each maximum allowable cost list to which the pharmacy is subject;
(2)Update a maximum allowable cost list, within seven calendar days from the date of any increase, at or above ten percent, in the price charged for a prescription drug on the list by one or more wholesale distributors doing business in this state;
(3)Update the maximum allowable cost list, within seven calendar days from the date of any change in the methodology, or any change in the value of a variable applied in the methodology, on which the maximum allowable cost list is based; and (4) Provide a process under which each pharmacy in a pharmacy network may receive prompt notice of any change in a maxim
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South Dakota § 58-29E-18 (Duties--Pharmacy benefit manager.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 2023, ch 166, § 16.
Nearby Sections
15
§ 58-1-1
Citation of title.§ 58-1-11
General saving clause.§ 58-1-13
Severability of provisions.§ 58-1-14
Notice of nonrenewal of policy must be mailed sixty days prior to renewal date--Exceptions.§ 58-1-14.1
Notice of refusal to renew--Thirty§ 58-1-16.1
Applicability of §§ 58-1-18
Repealed by SL 2012, ch 252, § 30.§ 58-1-2
Definition of terms.