Sec. 16. (a) As used in this chapter, "rebate" means a discount or other price concession that is:
(1) based on use of a prescription drug; and
(2) paid by a manufacturer or third party to a pharmacy benefit manager, pharmacy services administrative organization, or pharmacy after a claim has been processed and paid at a pharmacy.
(b) The term includes an incentive and a disbursement.
As added by P.L.68-2020, SEC.1.