Term: Maximum Allowable Cost Policy

Glossary Definition

Last Updated: 2005-11-21

Definition:

A drug reimbursement policy that publishes prices defining the maximum contribution of a drug plan to the purchase of a drug.

Related terms 

• Actual Acquisition Cost Policy
• Drug Reimbursement Policies

References 

• Morgan SG, Kozyrskyj A, Metge C, Roos NP. Pharmaceuticals: Therapeutic interchange and pricing policies. Winnipeg, MB: Manitoba Centre for Health Policy, 2003. [Report] [Summary] (View)