Becker's Healthcare June 16, 2021
Medicare’s drug spending rose 26 percent from 2013-18, a trend the Medicare Payment Advisory Commission attributed to increasing drug prices rather than an increase in the number of prescriptions filled by beneficiaries.
In its 2021 healthcare delivery system report, released June 16, MedPAC makes the following recommendations to Congress:
- The current Medicare Advantage benchmark policy should be replaced with one that applies a rebate of at least 75 percent, a discount rate of at least 2 percent and a relatively equal blend of per capita local area fee-for-service spending with price-standardized per capita national fee-for-service spending. It should also use geographic markets as payment areas, use the fee-for-service population with both Part A and Part B in benchmarks, and...
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