States are to pay pharmacies the lower of the state's estimate of the drug's acquisition cost to the pharmacy, plus a dispensing fee, or the pharmacy's usual and customary charge to the general public; for certain drugs, the FUL or the state maximum allowable cost (MAC) may apply if lower.
What does MAC stand for?
MAC stands for Maximum Allowable Cost
This definition appears very frequently and is found in the following Acronym Finder categories:
- Information technology (IT) and computers
- Science, medicine, engineering, etc.
See other definitions of MAC
We have 1134 other meanings of MAC in our Acronym Attic
- Material Accountability and Control
- Material Accounting Center
- Material Accumulation Costing
- Material Adverse Change
- Materiel Acquisition Command
- Mathematics and Computation (MIT Artificial Intelligence Lab project)
- Maximum Acceptable Concentration
- Maximum Adjacent Cut (locksmithing)
- Maximum Allowable Charge
- Maximum Allowable Concentration
- Maximum Amount Contributable (US IRS)
- Maximum Asset Capability (economics)
- McMaster University (Hamilton, Ontario, Canada)
- Mean Aerodynamic Center
- Mean Aerodynamic Chord
- Mean Alveolar Concentration (anesthesiology)
- Measurement and Analysis Center
- Mechanized Assignment and Control
- Media Access Control
- Media Access Controller
Samples in periodicals archive:
Issues States Face Meanwhile, state lawmakers nationwide are discussing such steps as reduction in Medicaid pharmacy payments, cuts in dispensing fees, brand-drug limits, prescription limits, preferred drug lists (PDLs)*, state maximum allowable costs, generic substitution, prior authorization and assisted-living-related medication management, among others.
XYZ elected to expense the maximum allowable cost of these assets under Sec.