Common use of MA-PD SPONSOR REIMBURSEMENT TO PHARMACIES Clause in Contracts

MA-PD SPONSOR REIMBURSEMENT TO PHARMACIES. 1. If MA-PD Sponsor uses a standard for reimbursement of pharmacies based on the cost of a drug, MA-PD Sponsor will update such standard not less frequently than once every 7 days, beginning with an initial update on January 1 of each year, to accurately reflect the market price of the drug.