Question:
I heard there was a new payment system for pharmaceuticals. Can you provide any information about this?
Answer:
On October 30, 2018, the Centers for Medicare & Medicaid Services (CMS) posted a proposed rule explaining the International Pricing Index (IPI) payment model. This model moves current payment levels to payment levels based on international prices. It would be phased in over a five-year period, apply to 50 percent of the country, and cover most drugs in Medicare Part B.
For more on this proposal, go to https://www.hhs.gov/about/news/2018/10/25/hhs-advances-payment-model-to-lower-drug-costs-for-patients.html.
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