53-6-1001. Definitions

MT Code § 53-6-1001 (2019) (N/A)
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53-6-1001. Definitions. As used in this part, unless the context requires otherwise, the following definitions apply:

(1) "Department" means the department of public health and human services provided for in Title 2, chapter 15, part 22.

(2) "Discounted price" means a price set by the department by rule pursuant to 53-6-1002.

(3) "Manufacturer" means a manufacturer of prescription drugs and includes a subsidiary or affiliate of a manufacturer.

(4) "Participating retail pharmacy" means a retail pharmacy located in this state or another business licensed to dispense prescription drugs in this state that is medicaid-approved.

(5) "Program" means the prescription drug plus discount program provided for in 53-6-1002.

(6) "Secondary discounted price" means the discounted price less any further discounts funded by manufacturer rebates for medication purchased by participants in the program.

History: En. Sec. 1, Ch. 551, L. 2003; amd. Sec. 4, Ch. 287, L. 2005; amd. Sec. 30, Ch. 19, L. 2011.