BRIEF-HHS Says Biden-Harris Administration Takes Next Step On Proposed Model To Lower Prescription Drug Costs For People With Medicare

Reuters

Oct 09, 2024

Oct 9 (Reuters) - HHS:

* BIDEN-HARRIS ADMINISTRATION TAKES NEXT STEP ON PROPOSED MODEL TO LOWER PRESCRIPTION DRUG COSTS FOR PEOPLE WITH MEDICARE

* HHS: CMS SEEKS FEEDBACK ON MEDICARE $2 DRUG LIST MODEL, SAMPLE $2 DRUG LIST, AND OUTREACH

* HHS: PARTICIPATION IN MODEL WOULD BE VOLUNTARY FOR PART D SPONSORS & COULD START AS EARLY AS JAN 2027

* HHS: CMS INTENDS TO INCLUDE MANY DRUGS USED TO TREAT COMMON CONDITIONS FOR PEOPLE WITH MEDICARE, WITH PERIODIC UPDATES TO DRUG LIST ONCE FINALIZED

* HHS: NEW GENERIC DRUG LAUNCHES, CHANGING CLINICAL INDICATIONS, TRENDS IN PRICING TO NECESSITATE UPDATES TO $2 DRUG LIST, PRIOR TO LAUNCH OF MODEL

* HHS: NEW GENERIC DRUG LAUNCHES, CHANGING CLINICAL INDICATIONS, TRENDS IN PRICING TO NECESSITATE UPDATES TO $2 DRUG LIST AT INTERVALS IN MODEL LIFESPAN

((Reuters.Briefs@thomsonreuters.com;))

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