widely available market price
Defined in 1 place of the United States Code.
In this subsection, the term “widely available market price” means the price that a prudent physician or supplier would pay for the drug or biological. In determining such price, the Inspector General shall take into account the discounts, rebates, and other price concessions routinely made available to such prudent physicians or suppliers for such drugs or biologicals.
Source
- 2003–present42 U.S.C. § 1395WThe Public Health and Welfare · Use of average sales price payment methodology · under this section