Maximum Allowable Cost. The Contractor shall establish, subject to approval by the Department, and maintain a generic drug Maximum Allowable Cost (MAC) program in order to promote generic utilization and cost containment. The Contractor shall update MAC and other pricing benchmarks on a schedule at least as consistent as is required by CMS for Medicare Part D plans found at 42 CFR 423.505(b)(21) or state law.
Appears in 2 contracts
Sources: Medicaid Managed Care Contract, Medicaid Managed Care Contract