|TO:||All Health Insurers|
|FROM:||Linda Ruthardt, Commissioner of Insurance|
|DATE:||December 21, 1994|
|RE:||Restricted Pharmacy Network Contracts-Notification of Expiration, Renewal, Extension or Replacement.|
As part of the recently enacted Pharmacy Freedom of Choice law, M.G.L. c. 60, § 308 mandates that prior to January 1, 1995, no carrier shall renew, extend or replace an existing restricted pharmacy network contract for a period to exceed the term of one year:
M.G.L. c. 60, § 308 went into effect July 1, 1994. Therefore, in order to ensure compliance with M.G.L. c. 60, § 308, the Division requires a carrier as defined in M.G.L. c. 176D, § 3B to notify the Commissioner in writing by January 13, 1995 of the following:
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