Conley & Conley Insurance Solutions

Conley & Conley Insurance Solutions

Medicare Takes Action on Trump’s Goal to Lower Medicare Drug Costs

Medicare Takes Action on Trump’s Goal to Lower Medicare Drug Costs

The Medicare program and its beneficiaries currently pay more for many high-cost drugs than many other countries. The Center for Medicare & Medicaid Services’ (CMS) is taking action on President Trump’s goal to lower drug costs for Medicare beneficiaries by exploring a potential model that seeks to ensure the Medicare program pays comparable prices for Part B drugs relative to other economically-similar countries. The administration is proposing several big changes, including changing how physicians and hospitals are paid for drugs to decrease their incentive to prescribe higher-cost drugs.

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