Healthcare Finance News October 25, 2018
The International Pricing Index model would reset Medicare payments for physician-administered drugs.
President Trump on Thursday proposed to reduce prescription drug costs in a move projected to save taxpayers and patients $17.2 billion over five years.
America’s Health Insurance Plans commends the proposed payment model, while the American Medical Association voiced more caution.
Under the proposed International Pricing Index model, Medicare’s payments for select physician-administered drugs would shift to a level more closely aligned with prices in other countries.
The move from current payment levels to payment levels based on international prices would be phased in over a five-year period, would apply to 50 percent of the country, and would cover most drugs in Medicare Part B, which includes physician-administered...
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