Medicare could have saved $2.9 million in 2017 if they did this one thing

The Health and Human Service’s Office of the Inspector General recently reported that CMS could have saved an additional $2.9 million in 2017 if the agency lowered Medicare reimbursement for more than Part B drugs through price substitution. Price substitution policy requires CMS to lower Medicare reimbursement for Part B drugs that have average sales price (ASP) exceeding the average manufacturer prices by five percent in the previous two quarters or three of the previous four quarters. Read article here for more details…

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; medicarereport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or medicarereport.org.