Basic Rebate definition

Basic Rebate means, with respect to the Covered Product, the quarterly payment by the Pharmaceutical Manufacturer pursuant to the Pharmaceutical Manufacturer’s Medicaid Drug Rebate Agreement made in accordance with Section 1927(c)(1) or Section 1927(c)(3) of the Social Security Act (42 U.S.C. 1396r-8(c)(1) and 42 U.S.C. 1396r-8(3).
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Basic Rebate means the rate for Single Source Drugs and Innovator Multiple Source Drugs, calculated using the same methodology set forth in Social Xxxxxxxx Xxx, 00 X.X.X. §0000x-0 et seq.
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Basic Rebate with respect to each Covered Drug, the quarterly payment by [DRUG MANUFACTURER] to EOHHS pursuant to the Medicaid Drug Rebate Agreement between [DRUG MANUFACTURER] and CMS for such Covered Drug. CMS - the Centers for Medicare & Medicaid Services of the U.S. Department of Health and Human Services, or any successor or renamed agency carrying out the functions and duties heretofore carried out by such office.
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Examples of Basic Rebate in a sentence

  • The interest rate shall be determined as specified under federal guidelines for rebates under the CMS Basic Rebate.

  • In addition to the CMS Basic Rebate and the CMS CPI Rebate, Manufacturer agrees to pay a Supplemental Rebate to DMAP for each of its Covered Product(s) dispensed to Medicaid Recipients by Pharmacies, or physicians (J- codes), for each calendar Quarter that Covered Product(s) are included in the PMPDP Plan Drug List based on the invoice submitted by DMAP or its contractor pursuant to paragraph 3.E. Manufacturer’s obligation to pay DMAP the Supplemental Rebate shall be as set forth in Attachment A.

  • Pursuant to its separate CMS Medicaid Drug Rebate Agreement and CMS CPI Agreement, Manufacturer will calculate and provide CMS rebates to DMAP for the Covered Product(s), which includes the CMS Basic Rebate and the CMS CPI Rebate, as appropriate.

  • Manufacturer will also calculate and provide the State a CMS Rebate for the Supplemental Covered Product(s), which includes the CMS Basic Rebate and CMS Additional Rebate, as appropriate, in accordance with the terms of the CMS Agreement.

  • DISCOUNT WITH RESPECT TO UTILIZATION OF MANUFACTURER’S PRODUCTS 4.0 Manufacturer will calculate and provide OHCA a CMS Rebate for the Covered Product(s), which includes the CMS Basic Rebate and CMS CPI Rebate, as appropriate.

  • Pursuant to its separate CMS Medicaid Drug Rebate Agreement and CMS CPI Agreement, Manufacturer will calculate and provide CMS rebates to Agency for the Covered Product(s), which includes the CMS Basic Rebate and the CMS CPI Rebate, as appropriate.

  • In addition to the CMS Basic Rebate and the CMS CPI Rebate, Manufacturer agrees to pay a Supplemental Rebate to OHA for each of its Covered Product(s) dispensed to Medicaid Recipients by Pharmacies, or physicians (J- codes), for each calendar Quarter that Covered Product(s) are included in the PMPDP Plan Drug List based on the invoice submitted by OHA or its contractor pursuant to paragraph 3.E. Manufacturer’s obligation to pay OHA the Supplemental Rebate shall be as set forth in Attachment A.

  • In addition to the CMS Basic Rebate and the CMS CPI Rebate, Manufacturer agrees to pay a Supplemental Rebate to Agency for each of its Covered Product(s) dispensed to Medicaid Recipients by Pharmacies, or physicians (J- codes), for each calendar quarter that Covered Product(s) are included in the PMPDP Plan Drug List based on the invoice submitted by Agency or its contractor pursuant to paragraph 4.e. Manufacturer’s obligation to pay Agency the Supplemental Rebate shall be as set forth in Attachment A.

  • Pursuant to its separate CMS Medicaid Drug Rebate Agreement and CMS CPI Agreement, Manufacturer will calculate and provide CMS rebates to OHA for the Covered Product(s), which includes the CMS Basic Rebate and the CMS CPI Rebate, as appropriate.


More Definitions of Basic Rebate

Basic Rebate means, with respect to the Covered Product, the quarterly payment by (name of manufacturer) pursuant to (name of manufacturer's) Medicaid Drug Rebate Agreement made in accordance with Section 1927(c)(1) or Section 1927(c)(3) of the Social Security Act (42 U.S.C, 1396r-8(c)(l) and 42 U.S.C. 1396r- 8(3)).
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Related to Basic Rebate

  • Rebate shall have the same meaning as ascribed thereto in Article 10.3.4 of this Agreement;

  • training allowance means an allowance (whether by way of periodical grants or otherwise) payable—

  • Premium payment plan means a benefit plan whereby state and

  • Maximum allowable cost list means a list of drugs for

  • Cost-reimbursement contract means a contract under which a contractor is reimbursed for costs which are allowable and allocable in accordance with the contract terms and the provisions of this code, and paid a fee, if any.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Training costs means reasonable costs incurred to upgrade the technological skills of Full-Time Employees in Illinois and includes: curriculum development; training materials (including scrap product cost); trainee domestic travel expenses; instructor costs (including wages, fringe benefits, tuition and domestic travel expenses); rent, purchase or lease of training equipment; and other usual and customary training cots. “Training costs” do not include, except where the Company receives prior written approval of the Department, costs associated with travel outside the United States, wages and fringe benefits of employees during periods of training, administrative costs related to Full-Time Employees of the Taxpayer, or amounts paid to an affiliate of the Company.

  • Cost sharing means the respective share of Total Project Costs to be contributed by the Applicant and by DOE. The percentage of Applicant Cost Share is to be applied to the Total Project Cost (i.e., the sum of Applicant plus DOE Cost Shares) rather than to the DOE contribution alone.

  • Lease Payments means the rental payments described in Exhibit A hereto.