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Recent Examples of formulary from the Web
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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.
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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.
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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.
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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.
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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.
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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.
First Known Use of formulary
1541
Medical Dictionary
formulary
play
noun
for·mu·lary
\ˈfȯr-myə-ˌler-ē\
Medical Definition of formulary
formularies
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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