TITLE

OIG: More Could Be Done to Reduce Medicare Drug Prices

AUTHOR(S)
Serebrov, Mari
PUB. DATE
August 2011
SOURCE
BioWorld Today;8/17/2011, Vol. 22 Issue 159, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the findings of a study by the U.S. Office of Inspector General (OIG) that Medicare Part D could have saved more if rebates on brand drugs and biologics were statutory. The study compared 2009 Medicare Part D prices with Medicaid prices for 100 brand drugs and found that statutorily defined Medicaid rebates exceeded Part D rebates. OIG has concluded that the rebate difference is caused by the statute that requires more rebates when brand drugs price increases.
ACCESSION #
67211231

 

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