Becker's Healthcare January 30, 2023
CMS’ Medicare Drug Price Negotiation Program will likely save the federal government billions of dollars, according to a study published Jan. 27 in JAMA Health Forum.
Four things to know:
1. By Sept. 1, 2023, the agency will post the first 10 Medicare Part D drugs selected for the program, which will allow Medicare to negotiate how much it pays for certain medications. CMS will select for negotiation 15 more Part D drugs for 2027, 15 more Part B or Part D drugs for 2028, and 20 more Part B or Part D drugs for each year after that.
2. In the study, researchers estimated how much money the Medicare Drug Price Negotiation Program would have saved the government if...
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