Medicare Price Negotiation Process Could Adapt Private Sector ‘Best Practices,’ Official Suggests
Executive Summary
CMS principal deputy administrator Jonathan Blum discusses how the agency is thinking about implementing the drug pricing reforms now under consideration in the US Congress.
You may also be interested in...
CMS Medicare Price Negotiation Division Headed By Former Bristol Myers Squibb Exec Heider
Most of the other leaders in the new organization within the Centers for Medicare and Medicaid Services tasked with implementing the price negotiation and inflation rebate programs previously worked in other parts of the agency, including the Center for Medicare and Medicaid Innovation.
Medicare Price Negotiation, Inflation Rebate Legislation Would Generate $163Bn, CBO Says
Score of slimmed down Medicare negotiations in the Build Back Better legislation is $79bn, a far cry from the $456bn in savings projected from the draconian HR 3. But the bill’s overall impact on the deficit means that pharma might get a total reprieve – or go back on the chopping block.
Medicare Premium Hike Will Help Build ‘Contingency Fund’ For Alzheimer’s Drugs
But CMS cautions that the announcement should not be read as a preview of its upcoming national Medicare coverage decision on Aduhelm and similar treatments.