Drug Discount
/ˈdrʌɡ ˈdɪskaʊnt/
Definitions
- (n.) A reduction in the price of pharmaceutical drugs, often negotiated by pharmacies, insurers, or government programs to lower consumer costs.
The pharmacy applied a drug discount to reduce the patient's out-of-pocket expense.
Forms
- drug discount
- drug discounts
Related terms
See also
Commentary
Drug discounts are critical in healthcare law and insurance claims, where the exact terms affect reimbursement and patient affordability.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.