Extending its push for price transparency to Medicare Part D, the Centers for Medicare & Medicaid Services issued (PDF) the second part of its annual Advance Notice governing Medicare Advantage (MA) and Part D plans Wednesday, writes Fierce Healthcare. In the notice, CMS is proposing a requirement for plans to offer real-time pricing comparisons to members. CMS last year finalized a plan that requires Part D plan sponsors make that available to providers beginning in 2021. If the new proposal is put in place, Part D plans would have to offer real-time drug pricing data to members in 2022.
- Fierce Healthcare: https://www.fiercehealthcare.com/payer/cms-may-force-part-d-plans-to-offer-real-time-pricing-data-to-members
- Federal Register: Medicare and Medicaid Programs: Contract Year 2021 and 2022 Policy and Technical Changes to the Medicare Advantage Program, Medicare Prescription Drug Benefit Program, Medicaid Program, Medicare Cost Plan Program, and Programs of All-Inclusive Care for the Elderly. Proposed Rule by the Centers for Medicare & Medicaid Services on 02/18/2020