Drug Rebate
/ˈdrʌɡ rɪˌbeɪt/
Definitions
- (n.) A partial refund or discount given by a drug manufacturer to a purchaser, typically a pharmacy or insurer, to reduce the cost of a drug.
The health plan negotiated a drug rebate to lower the cost of medication for its members.
Forms
- drug rebate
- drug rebates
Related terms
See also
Commentary
Drug rebates are commonly negotiated in pharmaceutical contracts to manage drug costs, often impacting insurance reimbursements and formulary decisions.
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.