{"data":{"id":"us-tx/tex.-insurance-code-1369.355","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 1369.355","heading":"UPDATES.","body":"(a) A health benefit plan issuer or pharmacy benefit manager shall establish a process that will in a timely manner eliminate drugs from maximum allowable cost lists or modify maximum allowable cost prices to remain consistent with changes in pricing data used in formulating maximum allowable cost prices and product availability.\n(b) A health benefit plan issuer or pharmacy benefit manager shall review and update maximum allowable cost price information for each drug at least once every seven days to reflect any modification of maximum allowable cost pricing.\nAdded by Acts 2015, 84th Leg., R.S., Ch. 596 (S.B. 332), Sec. 1, eff. January 1, 2016.","path":["INSURANCE CODE","TITLE 8. HEALTH INSURANCE AND OTHER HEALTH COVERAGES","SUBTITLE E. BENEFITS PAYABLE UNDER HEALTH COVERAGES","CHAPTER 1369. BENEFITS RELATED TO PRESCRIPTION DRUGS AND DEVICES AND RELATED SERVICES","SUBCHAPTER H. MAXIMUM ALLOWABLE COST"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1369.htm#1369.355","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"809a1c9128ff3b8691dbf650b5f278b5479752bd75f5d81134371a6ef40b111b","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-1369.354","next":"us-tx/tex.-insurance-code-1369.356"},"notice":"GroundRules: Original legal text. Not legal advice."}