Texas § 540.0205 CONTRACT CONSIDERATIONS RELATING TO PHARMACY BENEFIT MANAGERS.

Texas Statutes

§ 540.0205 — CONTRACT CONSIDERATIONS RELATING TO PHARMACY BENEFIT MANAGERS.

Texas § 540.0205

Code GVGovernment Code

This text of Texas § 540.0205 (CONTRACT CONSIDERATIONS RELATING TO PHARMACY BENEFIT MANAGERS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 540.0205 (2026).

Text

Sec. 540.0205. CONTRACT CONSIDERATIONS RELATING TO PHARMACY BENEFIT MANAGERS. In considering approval of a subcontract between a managed care organization and a pharmacy benefit manager to provide Medicaid prescription drug benefits, the commission shall review and consider whether in the preceding three years the pharmacy benefit manager has been:

(1)convicted of:

(A)an offense involving a material misrepresentation or an act of fraud; or

(B)another violation of state or federal criminal law;

(2)adjudicated to have committed a breach of contract; or

(3)assessed a penalty or fine of $500,000 or more in a state or federal administrative proceeding.

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Sec. 540.0205. CONTRACT CONSIDERATIONS RELATING TO PHARMACY BENEFIT MANAGERS. In considering approval of a subcontract between a managed care organization and a pharmacy benefit manager to provide Medicaid prescription drug benefits, the commission shall review and consider whether in the preceding three years the pharmacy benefit manager has been:
(1) convicted of:
(A) an offense involving a material misrepresentation or an act of fraud; or
(B) another violation of state or federal criminal law;
(2) adjudicated to have committed a breach of contract; or
(3) assessed a penalty or fine of $500,000 or more in a state or federal administrative proceeding.