Four things to know:
1. Under the proposal, CMS would establish an “international pricing index” and use it as a benchmark to decide how much Medicare would pay for drugs covered by Part B, which covers physician visits for seniors and drugs prescribed to them during their visits.
2. The proposal, first unveiled Oct. 25, 2018, aims to close the gap between what the U.S. pays for drugs and what other countries pay.
3. It is unclear how long the process of White House review will take and whether any significant changes will be made.
4. The pharmaceutical industry opposes an international pricing index.
Read the full report here.
More articles on pharmacy:
Lupin recalls 18,408 bottles of antibiotic in US
Bluebird Bio prices gene therapy at $1.8M
10 hospitals seeking pharmacy leaders
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
