negative formulary

negative formulary

A popular term for a list of drugs which are not available for dispensing to the beneficiaries of a particular managed care plan, usually because they are overly expensive.
References in periodicals archive ?
Usually, the deadline for negative formulary update changes will occur in July or August, Dombrowski said.
An administrative judge in Florida recently found that the inclusion of Levothyroxine on the state's negative drug formulary is an invalid exercise of legislative authority and that the product should be removed from the negative formulary.