standardized bid amount

(5) Standardized bid amount defined For purposes of this subsection, the term “standardized bid amount” means the following: (A) Prescription drug plans (i) Basic coverage In the case of a prescription drug plan that provides basic prescription drug coverage, the PDP approved bid (as defined in paragraph (6)). (ii) Supplemental coverage In the case of a prescription drug plan that provides supplemental prescription drug coverage, the portion of the PDP approved bid that is attributable to basic prescription drug coverage. (B) MA–PD plans In the case of an MA–PD plan, the portion of the accepted bid amount that is attributable to basic prescription drug coverage.

Source

42 USC § 1395w-113(a)(5)


Scoping language

For purposes of this subsection
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