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New Jersey Statutes, Title: 17B, INSURANCE
Chapter 27f: Pharmacy Benefits Managers
Section: 17B:27f-3.3: Carrier, pharmacy benefits manager under contract, pharmacy and therapeutics committee, established, formulary system management.
7. a. A carrier, or a pharmacy benefits manager under contract with a carrier, shall establish a pharmacy and therapeutics committee responsible for managing the formulary system.
b. A carrier, or a pharmacy benefits manager under contract with a carrier, shall not allow a person with a conflict of interest to be a member of its pharmacy and therapeutics committee.
A carrier, or a pharmacy benefits manager under contract with a carrier, shall require that its pharmacy and therapeutics committee meet the requirements for conflict of interest as set by the Centers for Medicare and Medicaid Services or meets the accreditation standards of the National Committee for Quality Assurance or another independent accrediting organization.
L.2023, c.107, s.7.
This section added to the Rutgers Database: 2023-10-20 18:06:36.
Older versions of 17b:27f-3.3 (if available):
Court decisions that cite this statute:
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