Indiana Code 27-1-24.5-16. “Rebate”
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Sec. 16. (a) As used in this chapter, “rebate” means a discount or other price concession that is:
(2) paid by a manufacturer or third party to a pharmacy benefit manager, pharmacy services administrative organization, or pharmacy after a claim has been processed and paid at a pharmacy.
(1) based on use of a prescription drug; and
Terms Used In Indiana Code 27-1-24.5-16
- pharmacy: means the physical location:
Indiana Code 27-1-24.5-11
- pharmacy services administrative organization: means an organization that assists independent pharmacies and pharmacy benefit managers or health plans to achieve administrative efficiencies, including contracting and payment efficiencies. See Indiana Code 27-1-24.5-15
- third party: means a person other than a:
Indiana Code 27-1-24.5-17
(b) The term includes an incentive and a disbursement.
As added by P.L.68-2020, SEC.1.