§ 27-1-50-7 — "Rebate"

Indiana § 27-1-50-7

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 50: Group Prescription Drug Rebates

Text

As used in this chapter, "rebate" means:
(1) a discount or other negotiated price concession, including base
price concessions (whether described as a rebate or otherwise)
and reasonable estimates of price protection rebates, and
performance based price concessions, that may accrue directly or
indirectly or are anticipated to be passed through to an insurer
during the coverage year from a manufacturer, dispensing
pharmacy, or other party concerning the dispensing or
administration of a prescription drug; and
(2) a reasonable estimate of any negotiated price concession, fee,
or other administrative cost that is passed through, or is
reasonably anticipated to be passed through, to the insurer and
serves to reduce the insurer's liability for a prescription drug.

Legislative History

As added by P.L.166-2023, SEC.3.