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What does SMAC stand for?

SMAC stands for State Maximum Allowable Cost (pharmacy)

This definition appears frequently and is found in the following Acronym Finder categories:

  • Military and Government
  • Science, medicine, engineering, etc.

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We have 184 other meanings of SMAC in our Acronym Attic

Samples in periodicals archive:

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.
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.