formulary

noun
for·mu·lary | \ˈfȯr-myə-ˌler-ē \
plural formularies

Definition of formulary 

1 : a collection of prescribed forms (such as oaths or prayers)

3 : a book listing medicinal substances and formulas

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Other Words from formulary

formulary adjective

Examples of formulary in a Sentence

Recent Examples on the Web

Attorney Sam Pond has been leading the opposition to legislation to create a workers’ comp drug formulary. William Bender, Philly.com, "Gov. Wolf's biggest PAC donor includes money from secretive compounding pharmacies," 9 Mar. 2018 Health officials proposed in their February budget letting five states experiment with the way their Medicaid programs pay for drugs, including with formularies. Erin Mershon, STAT, "Mass. gets a thumbs-down on negotiating Medicaid prices, but Oklahoma wins on ‘value’ rebates," 27 June 2018 Instead, those medications would be covered by the Part D program, where private companies compete to offer insurance plans and negotiate more aggressively on formularies and pricing. Stephanie Armour, WSJ, "Trump’s Plan to Lower Drug Prices: A Q&A," 11 May 2018 Treatments that have competition may deliver the biggest rebates because pharmaceutical companies are jockeying to have their medicines included in formularies. Tom Murphy, USA TODAY, "Prescription drug costs: Insurers look to pass price breaks straight to the consumer," 14 Apr. 2018 Treatments that have competition may deliver the biggest rebates because pharmaceutical companies are jockeying to have their medicines included in formularies. Washington Post, "Insurers look to pass drug price breaks straight to consumer," 11 Apr. 2018 In exchange, Express Scripts will make their drug the only cholesterol-lowering injection available to the 25 million patients on its formulary, freezing out a rival therapy from Amgen. Damian Garde, STAT, "Saddled with sluggish sales, Regeneron and Sanofi slash the cost of cholesterol-lowering drug," 1 May 2018 PBMs decide which drugs are listed on a formulary, how much pharmacies are reimbursed and how much insurers pay. The Editorial Board, WSJ, "Why CVS Loves ObamaCare," 29 May 2018 John Leppard of Washington Analysis, which tracks the pharmaceutical industry for investors, believes the Trump administration might also consider changing Medicare Part B pricing and Medicaid formularies. Erin Mershon, STAT, "Trump often goes off script. What does that mean for his drug pricing speech?," 7 May 2018

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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First Known Use of formulary

1541, in the meaning defined at sense 1

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Statistics for formulary

Last Updated

9 Oct 2018

Look-up Popularity

Time Traveler for formulary

The first known use of formulary was in 1541

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More Definitions for formulary

formulary

noun
for·mu·lary | \ˈfȯr-myə-ˌler-ē \
plural formularies

Medical Definition of formulary 

1 : a book containing a list of medicinal substances and formulas — see national formulary

2 : an official list of generic and brand name pharmaceutical drugs designated by a health insurance provider as approved for coverage under the provider's pharmacy plan benefits

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