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CMS Takes Action to Lower Prescription Drug Costs by Modernizing Medicare
Centers for Medicare & Medicaid Services [CMS], U.S. Department of Health and Human Services [HHS]
Nov. 27, 2018
"The proposal would ensure that Medicare Advantage and Part D plans have more tools to negotiate lower drug prices, and the agency is also considering a policy that would require pharmacy rebates to be passed on to seniors to lower their drug costs at the pharmacy counter.... CMS is also considering for a future plan year, which may be as early as 2020, a policy that would ensure that enrollees pay the lowest cost for the prescription drugs they pick up at a pharmacy, after taking into account back-end payments from pharmacies to plans."
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