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Medicare Part B

A part of Medicare that helps pay for medically necessary services, including doctor's services, outpatient care, and some drugs given in a doctor's office or hospital.

Medicare Part D

A part of Medicare that helps cover the cost of prescription drugs, typically purchased at a pharmacy.

Prescription Drug Inflation Rebate

A payment from a drug manufacturer to the government (or in this bill, potentially to commercial insurers) when the price of a drug increases faster than the rate of inflation from a set 'base year'.

Commercial Market

Refers to the private health insurance market, covering individuals and groups who are not enrolled in government-sponsored programs like Medicare or Medicaid.

Base Year

The specific year from which drug price increases are measured to determine if they have risen faster than inflation, triggering an inflation rebate.

Billing Units

A standardized measure used to quantify the amount of a drug for billing and payment purposes, often tied to a specific dosage or package size.

340B Program

A federal program that requires drug manufacturers to provide discounted outpatient drugs to eligible healthcare organizations and pharmacies that serve vulnerable populations.