WASHINGTON--(BUSINESS WIRE)--Biotechnology Innovation Organization (BIO) Executive Vice President for Health Policy Dan Durham released the following statement regarding yesterday’s proposed Part B Drug Payment Model and ASPE Issue Briefs:
“BIO is thoroughly reviewing the Medicare Part B Drug Payment Model released yesterday, and we intend to submit comments reflecting our comprehensive feedback on the proposal. However, upon initial review we are gravely concerned that the Model threatens to disrupt the successful reimbursement framework for drugs covered under the Medicare Part B program, particularly for rural and smaller provider groups. We are also disappointed that CMS developed this proposed model with little, if any, stakeholder input, despite its broad impact on a vital government program.
“BIO is thoroughly reviewing the Medicare Part B Drug Payment Model released yesterday, and we intend to submit comments reflecting our comprehensive feedback on the proposal. However, upon initial review we are gravely concerned that the Model threatens to disrupt the successful reimbursement framework for drugs covered under the Medicare Part B program, particularly for rural and smaller provider groups. We are also disappointed that CMS developed this proposed model with little, if any, stakeholder input, despite its broad impact on a vital government program.
