Medicare Could Save $14M With Drug Price Controls: Report

Law360, New York (February 25, 2013, 7:08 PM EST) -- A report released Monday urged the Centers for Medicare and Medicaid Services to start enforcing a policy that lowers drug reimbursements under Medicare Part B when the price charged by drugmakers exceeds the price charged to retail pharmacies or wholesale distributors.

The report, by the U.S. Department of Health and Human Service's inspector general, found that in 2011, Medicare could have saved $14.4 million over the course of the year if it had lowered reimbursements for 58 categories of drugs to 103 percent of the price...
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