Pharmacy Question for the Week of November 12, 2018

Pharmacy Compliance Question of the Week

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.

Disclaimer: Every reasonable effort was made to ensure the accuracy of this information at the time it was published. However, due to the nature of industry changes over time we cannot guarantee its validity after the year it was published.