Managed prescription drug plan

{
  "id": "MLC-T-INS-003687",
  "term": "Managed prescription drug plan",
  "field": "Insurance and risk management",
  "definition": "A health insurance benefit that provides coverage for prescription medications through a structured network of pharmacies and a defined list of covered drugs. These plans use cost-containment mechanisms such as formularies, tiered copayments, prior authorization requirements, and mail-order pharmacy options. Formularies are lists of approved drugs, often categorized into tiers that correspond to different levels of patient cost-sharing.",
  "url": "https://mlchart.com/terminology/insurance/managed-prescription-drug-plan/"
}