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Diane Publishing Books
Prescription Drugs: An Overview of Approaches to Negotiate Drug Prices Used by Other Countries and U.S. Private Payers and Federal Programs
John E. Dicken (au)
Rising prescription drug spending has led the U.S. & other countries to seek ways to negotiate lower costs with drug manufacturers. Currently, the Medicare Part D benefit comprises competing prescription drug plans. The Medicare Prescription Drug, Improvement, & Modernization Act of 2003 prohibits the HHS from interfering with cost negotiations between Part D plan sponsors & drug manufacturers & pharmacies. The author was asked to describe how prescription drug costs are negotiated. This testimony provides an overview of such efforts: (1) by gov'ts. in other countries; (2) by U.S. private payers, such as employer-based health plans; & (3) by fed. programs other than Medicare Part D. Charts & tables.
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