LATEST SENATOR TESTER
(U.S. Senate) - U.S. Senator Jon Tester is pushing the Centers for Medicare and Medicaid Services (CMS) to increase transparency and lower prescription drug prices for Montana seniors.
"[I] write to urge the Department of Health and Human Services to move forward with a proposal to meaningfully address skyrocketing drug prices by specifically addressing pharmacy direct and indirect remuneration fees in the Medicare Part D program," Tester wrote to Health Secretary Alex Azar.
Under the current system, when a Medicare Part D patient picks up a prescription the patient is charged a percentage of the drug's cost and then the pharmacist works with a pharmacy benefits manager to collect the remaining payment from the patient's insurance company. The patient's co-pay is based on the drug's price at the point of sale, but pharmacy benefits managers are allowed to come back to pharmacies well after a drug is sold and pay less than the patient was originally charged by applying a fee.
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