Common use of Maximum Allowable Cost Clause in Contracts

Maximum Allowable Cost. The Maximum Allowable Cost (MAC List) means the list established by HNI only for those prescription medications that will be reimbursed through the PBM at a generic level. The MAC List includes, adjacent to each prescription medication listed, the corresponding Maximum Allowable Cost per unit that will be used in calculating reimbursement by HNI. This MAC List is subject to periodic review and modification by HNI. HNI shall provide advance notice of any change made to any item contained within the MAC List. 3. The following Sections of the Agreement are hereby deleted in their entirety and replaced with the following Sections:

Maximum Allowable Cost. The Maximum Allowable Cost (MAC List) means the list established by HNI only for those of prescription medications that will be reimbursed through the PBM at a generic level. The MAC List includes, includes adjacent to each prescription medication listed, listed the corresponding Maximum Allowable Cost maximum allowable cost per unit that will be used in calculating reimbursement by HNI. This MAC List is subject to periodic review and modification by HNI. HNI shall provide advance notice of any change made to any item contained within the MAC List. 3. The following Sections of the Agreement are hereby deleted in their entirety and replaced with the following Sections: