Medicare drug pricing proposal met with little support on Capitol Hill

The five-year pilot program to reduce drug prices in Medicare Part B proposed by the Obama administration has proved unpopular on both sides of the aisle in Congress, The Hill reports.

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Republicans want to abandon the bill altogether and Rep. Larry Buschon (R-Ind.) told The Hill he plans to propose a bill Friday to block the pilot.

Democrats in both the U.S. Senate and House have expressed concerns with the proposal as it exists. Democrats from the Senate Finance Committee wrote a letter to the administration expressing concerns the program could limit patient access to treatment, according to the report. House Democrats penned a similar letter expressing 11 chief concerns, including how it relates to rural providers, according to the report.

The proposal would change the way Medicare Part B reimburses providers for drugs. It currently pays providers the average price of a drug plus 6 percent. Under the proposed bill, the 6 percent would be reduced to 2.5 percent plus a $16 flat fee, according to The Hill.

HHS maintained its support for the bill despite Congressional concerns, according to the report.

 

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