Lower Drug Costs for Seniors: Pharmacy Payment Reforms
This act aims to reduce drug costs for seniors enrolled in Medicare Part D. It changes how pharmacies are reimbursed, ensuring that discounts and fees are applied at the point of sale, leading to lower prices for patients. Additionally, pharmacies will receive detailed information about any subsequent price adjustments.
Key points
Drug prices for seniors in Medicare Part D will be lower at the point of sale, as discounts and fees will be immediately applied.
Pharmacies will receive clear information about any post-sale price concessions and incentive payments, increasing transparency.
Standardized pharmacy performance measures will be established to ensure fair and transparent rules for calculating incentives and concessions.
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