The US trade group National Association of Specialty Pharmacy (NASP) today expressed its extreme disappointment that the administration did not initiate much needed reforms to ensure Medicare beneficiaries begin paying less at the pharmacy counter in 2020.
This week, the Centers for Medicare and Medicaid Services (CMS) issued a final Medicare Advantage and Medicare Part D Drug Pricing Rule (CMS-4180-F), deciding not to include much needed reforms of abusive Direct and Indirect Remuneration (DIR) fee practices. This after CMS's proposed rule highlighted DIR fee practices by plans and pharmacy benefit managers (PBMs) that result in: increased costs at the pharmacy counter, quickly pushing seniors into the catastrophic coverage gap; and threatening access to specialty medications for our most vulnerable populations.
"CMS's decision to turn a blind eye is a significant blow to patients seeking relief from the high out-of-pocket costs they face on drugs at the pharmacy counter and is severely out of step with the administration's proactive and ambitious approach to confronting practices that drive up patient and government spending on drugs," said Sheila Arquette, NASP executive director, adding: “NASP is concerned for patients and concerned about the continued impact pharmacy DIR fees will have on independent specialty pharmacy's ability to continue providing life-saving medications and care management services for patients with complex conditions such as cancer, rheumatoid arthritis, multiple sclerosis, cystic fibrosis, and HIV/AIDS."
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze