Generic and Name Sample Clauses

Generic and Name. Brand Medications When a generic medication is available, if the State wants to continue using a brand name medication instead (i.e., using the brand name medication in lieu of and Contract #37109 preferred over the generic medication so that access to the generic medication is restricted), CONTRACTORS must comply with the State’s guidance and promptly implement it via whatever internal structure of benefits or system adjustments are necessary. The State will notify CONTRACTORS of expected practices regarding medications, and CONTRACTORS must provide real-time evidence of their practices to demonstrate compliance. The State will provide CONTRACTORS with 30 days’ notice of the requirement to continue use of a brand name medication, and will actively monitor pricing associated with the medication so that the requirement can be removed as soon as the generic version is competitively priced to offset related losses. The State’s goal will be that any requirement issued under this provision last no longer than six months. The State will monitor the medication pricing at least every two weeks, and will provide monthly updates to CONTRACTORS. The State will also conduct other reviews to ensure CONTRACTORS’ compliance.
Sample 1
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Related to Generic and Name

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