Code of Virginia (Last Updated:July 28, 2020) |
TITLE 38.2. Insurance |
CHAPTER 34. Provisions Relating to Accident and Sickness Insurance |
ARTICLE 9. Pharmacy Benefits Managers |
SECTION 38.2-3467. (Effective October 1, 2020) Prohibited conduct by carriers and pharmacy benefits managers |
SECTION 38.2-3467. (Effective October 1, 2020) Prohibited conduct by carriers and pharmacy benefits managers
A. No carrier on its own or through its contracted pharmacy benefits manager or representative of a pharmacy benefits manager shall: 1. Cause or knowingly permit the use of any advertisement, promotion, solicitation, representation, proposal, or offer that is untrue; 2. Charge a pharmacist or pharmacy a fee related to the adjudication of a claim other than a reasonable fee for an initial claim submission; 3. Reimburse a pharmacy or pharmacist an amount less than the amount that the pharmacy benefits manager reimburses a pharmacy benefits manager affiliate for providing the same pharmacist services, calculated on a per-unit basis using the same generic product identifier or generic code number and reflecting all drug manufacturer's rebates, direct and indirect administrative fees, and costs and any remuneration; or 4. Penalize or retaliate against a pharmacist or pharmacy for exercising rights provided pursuant to the provisions of this article. B. No carrier, on its own or through its contracted pharmacy benefits manager or representative of a pharmacy benefits manager, shall restrict participation of a pharmacy in a pharmacy network for provider accreditation standards or certification requirements if a pharmacist meets such accreditation standards or certification standards. C. No carrier, on its own or through its contracted pharmacy benefits manager or representative of a pharmacy benefits manager, shall include any mail order pharmacy or pharmacy benefits manager affiliate in calculating or determining network adequacy under any law or contract in the Commonwealth. D. No carrier, on its own or through its contracted pharmacy benefits manager or representative of a pharmacy benefits manager, shall conduct spread pricing in the Commonwealth. E. Each carrier on its own or through its contracted pharmacy benefits manager or representative of a pharmacy benefits manager shall comply with the provisions of this section in addition to complying with the provisions of § 38.2-3407.15:1 . 2020, cc. 38.2-3407.15:1 , 38.2-3407.15:1 . |