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Medicare Announces New Model to Test Changes to Part D Payments

Posted by www.psmbrokerage.com Admin on Tue, Jan 29, 2019 @ 10:34 AM

Medicare Announces New Model to Test Changes to Part D Payments


This week, the Centers for Medicare & Medicaid Services (CMS) announced a new model to test changes to prescription drug payments and incentives. The CMS Center for Medicare and Medicaid Innovation (CMMI) will create a voluntary, five-year model in which Part D Plans (PDPs) and Medicare Advantage Prescription Drug Plans (MAPDs) may apply to participate.

According to CMS, the model is intended to test “new incentives for plans, patients, and providers to choose drugs with lower list prices in order to address rising federal reinsurance subsidy costs.”

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Tags: Medicare, Medicare Part D

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