formulary
noun
for·mu·lary
ˈfȯr-myə-ˌler-ē 
plural formularies
1
: a collection of prescribed forms (such as oaths or prayers)
2
3
: a book listing medicinal substances and formulas
formulary
adjective
Examples of formulary in a Sentence
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Some refer to this as establishing rebate walls, defined as exclusionary contracting practices that a drug manufacturer deploys to limit the ability of rivals from gaining preferred access to the formulary, or any access at all.
—
Joshua P. Cohen, Forbes, 6 Nov. 2024
Only prescription drugs that are in the plan's formulary, or list of covered drugs, fall within the out-of-pocket cap.
—Kristen Jordan Shamus, Detroit Free Press, 1 Nov. 2024
While some PBMs have made one or two adalimumab biosimilars — not all of them — slightly more accessible on certain formularies, this is far too little, far too late.
—Juliana M. Reed, STAT, 1 Aug. 2024
To secure favorable placement for their drugs on insurance formularies, pharmaceutical companies offer PBMs significant rebates—particularly for higher-cost, brand-name medications, even when less expensive generics or biosimilars are available.
—Robert Pearl, Forbes, 28 Oct. 2024
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Joshua P. Cohen, Forbes, 6 Nov. 2024
Only prescription drugs that are in the plan's formulary, or list of covered drugs, fall within the out-of-pocket cap.
—Kristen Jordan Shamus, Detroit Free Press, 1 Nov. 2024
While some PBMs have made one or two adalimumab biosimilars — not all of them — slightly more accessible on certain formularies, this is far too little, far too late.
—Juliana M. Reed, STAT, 1 Aug. 2024
To secure favorable placement for their drugs on insurance formularies, pharmaceutical companies offer PBMs significant rebates—particularly for higher-cost, brand-name medications, even when less expensive generics or biosimilars are available.
—Robert Pearl, Forbes, 28 Oct. 2024
See all Example Sentences for formulary
Dictionary Entries Near formulary
Cite this Entry
“Formulary.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/formulary. Accessed 1 Dec. 2024.
Copy CitationMedical Definition
formulary
noun
for·mu·lary
ˈfȯr-myə-ˌler-ē
plural formularies
1
: a book containing a list of medicinal substances and formulas see national formulary
2
: an official list of generic and brand name pharmaceutical drugs designated by a health insurance provider as approved for coverage under the provider's pharmacy plan benefits
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