Section 4532 - Availability of multiple source generic list(a)General rule.--Upon each contract execution or renewal, a PBM shall, with respect to contracts between a PBM and a pharmacy, or its representative, including a PSAO:
(1) Include in the contract the sources utilized to determine multiple source drug pricing, including, if applicable, the maximum allowable cost or any successive pricing formula of the PBM.(2) Update the pricing information every seven calendar days.(3) Establish a reasonable process by which pharmacies have a method to access relevant or current maximum allowable cost pricing lists in effect and any successive pricing formulas in a timely fashion.(b)Confidentiality provision.--Nothing in this section may prohibit a pbm from establishing a reasonable confidentiality provision with a pharmacy or its representative , including a PSAO. Added by P.L. TBD 2016 No. 169, § 702, eff. 5/20/2017.