Rebate Contracting. (a) PBM agrees to work with United HealthCare to negotiate new or amended rebate agreements with drug manufacturers by June 30, 2002 that will result in United HealthCare earning *** of incremental rebates (from amounts that would have been earned from manufacturers absent such new or amended agreements) on an annualized basis. As a condition to PBM's guarantee of such incremental rebates, United HealthCare agrees to use its best efforts to coordinate its formulary initiates with PBM's negotiations with drug manufacturers for PBM's book of business generally.
Appears in 2 contracts
Samples: Benefit Management Agreement (Unitedhealth Group Inc), Benefit Management Agreement (Unitedhealth Group Inc)
Rebate Contracting. (a) PBM agrees to work with United HealthCare to negotiate new or amended rebate agreements with drug manufacturers by June 30, 2002 that will result in United HealthCare earning *** of incremental rebates (from amounts that would have been earned from manufacturers absent such new or amended agreements) on an annualized basis. As a condition to PBM's guarantee of such incremental rebates, United HealthCare agrees to use its best efforts to coordinate its formulary initiates with PBM's negotiations with drug manufacturers for PBM's book of business generally.*
Appears in 1 contract
Samples: Benefit Management Agreement (Medco Health Solutions Inc)
Rebate Contracting. (a) PBM agrees to work with United HealthCare to negotiate new or amended rebate agreements with drug manufacturers by June 30, 2002 that will result in United HealthCare earning *** of incremental rebates (from amounts that would have been earned from manufacturers absent such new or amended agreements) on an annualized basis. As a condition to PBM's guarantee of such incremental rebates, United HealthCare agrees to use its best efforts to coordinate its formulary initiates initiatives with PBM's negotiations with drug manufacturers for PBM's book of business generally.
Appears in 1 contract
Samples: Benefit Management Agreement (Medco Health Solutions Inc)