Recent Examples of formulary from the Web
Instead of picking a beta blocker best suited for my hypertensive patient on clinical terms, I may be forced to choose one from a limited formulary influenced by Pfizer’s generous lobbying efforts in Washington.
Rebates, or negotiated discounts, occur when a manufacturer sets a list price and then agrees to pass money back to the PBMs in return for something, generally a spot on the formulary that determines which drugs can be purchased.
In a recent letter published in JAMA Internal Medicine, Tseng analyzed Medicare’s prescription drug formularies in 2015 and the projected cost of deductibles and copays.
But such negotiation would work only if there were some limitations on the drugs available to patients, raising many questions about the feasibility of creating a national formulary.
Among changes for active employees, a move to adopt the CVS standard pharmaceutical formulary — which would impose some limits on available drugs — would save $25 million at first, rising eventually to $55 million.
For example, PBMs secure rebates from drug companies as a condition of putting their products on the formulary, the list of reimbursable drugs for their network.
However, if your insurance doesn't cover a particular drug or if that medication is at tier 3 or tier 4 on the insurance formulary, then buying it with a discount plan might be the cheaper alternative.
But because Part D involves a welter of different plans and formularies, some requiring patients to pay for the vaccine and then seek reimbursement, the cost and co-pays can discourage use.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'formulary.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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