Toward a rational, value-based drug benefit for Medicare
Document Type
Journal Article
Publication Date
11-2007
Journal
Health Affairs
Volume
Volume 26, Issue 6
Inclusive Pages
1666-1673
Keywords
Drug Industry--economics; Drug Prescriptions--economics; Insurance, Pharmaceutical Services--legislation & jurisprudence; Medicare Part D--legislation & jurisprudence; Medication Therapy Management; Medicare
Abstract
A major challenge facing Congress is what changes, if any, to make to Medicare Part D. With the apparent failure of the Democrats' attempt to remove the prohibition on government intervention in drug price negotiations, the party's next steps are unclear. One suggested option is a plan administered by the Centers for Medicare and Medicaid Services (CMS), to compete with private plans and facilitate a transition to a more rational structure. We discuss issues surrounding the design of such a mechanism and how it might provide a transition toward a more rational and sustainable drug benefit in the longer term.
APA Citation
Lopert, R., Moon, M. (2007). Toward a rational, value-based drug benefit for Medicare. Health Affairs, 26(6), 1666-1673.
Peer Reviewed
1