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Common use of Maximum Allowable Cost Clause in Contracts

Maximum Allowable Cost. (MAC) shall mean the lowest reimbursement rate established by the Department for the Covered Product.

Appears in 4 contracts

Sources: Supplemental Rebate Agreement, Supplemental Rebate Agreement, Supplemental Rebate Agreement

Related Clauses

  • Allowable Costs
  • Intent to Limit Charges to Maximum Lawful Rate
  • Unallowable Costs
  • Maximum or Minimum Interest Rate
  • Maximum Annual Operating Expense Limit

Parent Clauses

  • Definitions
  • Member Address Verification
  • Cultural Consideration and Competency
  • Notice to Providers on Change of Reimbursement
  • Mental Health Parity

Sub-Clauses

  • PBM Vendor
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