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maximum fair price

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 5000D — for purposes of this section

The terms "initial price applicability year", "price applicability period", and "maximum fair price" have the meaning given such terms in section 1191 of the Social Security Act.

42 U.S.C. § 1320f — for purposes of this part (2 versions over time)

The term “maximum fair price” means, with respect to a year during a price applicability period and with respect to a selected drug (as defined in section 1320f–1(c) of this title) with respect to such period, the price negotiated pursuant to section 1320f–3 of this title, and updated pursuant to section 1320f–4(b) of this title, as applicable, for such drug and year.

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