South Dakota § 58-29E-18 Duties--Pharmacy benefit manager.

South Dakota Statutes

§ 58-29E-18 — Duties--Pharmacy benefit manager.

South Dakota § 58-29E-18

Title 58INSURANCE

Ch. 58-29APHARMACY BENEFITS MANAGEMENT

This text of South Dakota § 58-29E-18 (Duties--Pharmacy benefit manager.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 58-29E-18 (2026).

Text

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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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 maximum allowable cost list to which the pharmacy is subject.