; (B) by redesignating subsection (i) as subsection (j); and (C) by inserting after subsection (h) the following subsection: (i) Application of cap on costs for part B drugs Notwithstanding the preceding provisions of this subsection, the amount of payment under this section for a drug or biological furnished on or after January 1, 2024, shall not exceed the maximum payment amount applicable to the drug or biological under section 1899C(a). . (2) Application as negotiated price under part D Section 1860D–2(d)(1)(B) of the Social Security Act ( 42 U.S.C. 1395w–102(d)(1)(B) ) is amended by adding at the end the following new sentence: Notwithstanding any other provision of this part, the negotiated price used for payment for a covered part D drug dispensed on or after January 1, 2024, shall not exceed the maximum payment amount applicable to the covered part D drug under section 1899C(a). .