### Question
What is the definition of discounted price?


### Answer
The definition of **discounted price** is as follows in *42 U.S.C. § 1395w*:

> 50 percent (or, with respect to a plan year after plan year 2018, 30 percent) of the negotiated price of the applicable drug of a manufacturer

#### Citation:
  - *42 U.S.C. § 1395w*
  - Heading: **CHAPTER 7-SOCIAL SECURITY > SUBCHAPTER XVIII-HEALTH INSURANCE FOR AGED AND DISABLED > Part D-Voluntary Prescription Drug Benefit Program > subpart 2-prescription drug plans; pdp sponsors; financing**

