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§ 27-1-24-5-16 — Indiana Law | CourtGPT
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  4. Title 27 - Insurance/
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  6. Chapter 24.5 - Pharmacy Benefit Managers27-1-24.5-0.7. "Contract Holder"/
  7. § 27-1-24-5-16
Indiana Legal Code

§ 27-1-24-5-16

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(a) As used in this chapter, 'rebate' means a discount or other price concession that is:(1) based on use of a prescription drug; and(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.(b) The term includes an incentive and a disbursement.As added by P.L.68-2020, SEC.1.