"Federal law and regulations require Medicare Part D Pharmacy and Therapeutics (P&T) committees to make prescription drug coverage decisions based on scientific evidence and standards of practice.
Formulary decisions affect beneficiaries’ access to specific prescription drugs and the cost of drugs to beneficiaries and the Federal Government. To comply with the law,sponsors’ P&T committees must prevent conflicts of interest from influencing members to give preference to certain drugs.committee be independent and free of conflict relative to the sponsor and pharmaceutical manufacturers"........
