Fierce Health Payers September 9, 2021
The Department of Health and Human Services wants to test models that would pay drugs based on their clinical value as part of a new plan to tackle high prices.
The plan released Thursday lays out several administrative tools the agency plans to take to address high prices. It also calls on Congress to adopt several reforms such as giving Medicare price negotiation authority and cap Part D catastrophic spending.
“By promoting negotiation, competition, and innovation in the health care industry, we will ensure cost fairness and protect access to care,” HHS Secretary Xavier Becerra said in a statement Thursday.
One of the key tools that HHS aims to use is to employ payment models to curb drug prices. The...
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