April 21: Protect Our Nation’s Cancer Care System
A few weeks ago the Medicare Payment Advisory Commission (MedPAC) made a huge mistake. It voted to recommend Congress numerous changes to the way drugs are paid for under Medicare Part B. The biggest change would move physicians away from the existing system where they are paid based on the average sales price (ASP) of drugs plus a 6 percent markup to cover administration and other expenses. The proposal would drop payments over wholesale cost to just 3 percent in 2018 as well as introduce a drug formulary whose prices have been negotiated by third-party vendors.
April 21: Protect Our Nation’s Cancer Care System
A few weeks ago the Medicare Payment Advisory Commission (MedPAC) made a huge mistake. It voted to recommend Congress numerous changes to the way drugs are paid for under Medicare Part B. The biggest change would move physicians away from the existing system where they are paid based on the average sales price (ASP) of drugs plus a 6 percent markup to cover administration and other expenses. The proposal would drop payments over wholesale cost to just 3 percent in 2018 as well as introduce a drug formulary whose prices have been negotiated by third-party vendors.
