42 U.S.C. § 1395w-114d

Current through P.L. 118-78 (published on www.congress.gov on 07/30/2024)
Section 1395w-114d - Selected drug subsidy program

With respect to covered part D drugs that would be applicable drugs (as defined in section 1395w-114c(g)(2) of this title) but for the application of subparagraph (B) of such section, the Secretary shall provide a process whereby, in the case of an applicable beneficiary (as defined in section 1395w-114c(g)(1) of this title) who, with respect to a year, is enrolled in a prescription drug plan or is enrolled in an MA-PD plan, has not incurred costs that are equal to or exceed the annual out-of-pocket threshold specified in section 1395w-102(b)(4)(B)(i) of this title, and is dispensed such a drug, the Secretary (periodically and on a timely basis) provides the PDP sponsor or the MA organization offering the plan, a subsidy with respect to such drug that is equal to 10 percent of the negotiated price (as defined in section 1395w-114c(g)(6) of this title) of such drug.

42 U.S.C. § 1395w-114d

Aug. 14, 1935, ch. 531, title XVIII, §1860D-14D, as added Pub. L. 117-169, §11201, 136 Stat. 1888.
Secretary
the term "Secretary" means-(A) the Secretary of Education for purposes of subtitle A (other than section 3201),(B) the Secretary of Agriculture for purposes of the amendments made by section 3201, and(C) the Secretary of Health and Human Services for purposes of subtitle B,
drug
the term "drug" means-(A) a beverage containing alcohol,(B) a controlled substance, or(C) a controlled substance analogue,