S.D. Codified Laws § 58-29E-12

Current through the 2024 Legislative Session

Section 58-29E-12 - Charging cost share that exceeds amount retained by pharmacy-Prohibition

A pharmacy benefit manager may not contractually require a pharmacy that is a participating provider in a health benefit plan provided by a third-party payor, from charging a covered individual or collecting from a covered individual a cost share for a prescription drug or pharmacy service that exceeds the amount retained by the pharmacist or pharmacy from all payment sources, for filling the prescription or providing the pharmacy service.

SDCL 58-29E-12

SL 2019, ch 213, §1; SL 2023, ch 166, §12.

Amended by S.L. 2023, ch. 166,s. 12, eff. 7/1/2023.

Added by S.L. 2019, ch. 213,s. 1, eff. 7/1/2019.