CMS to test performance-based Medicare Part D program, targets rising drug prices
The Centers for Medicare and Medicaid’s new Part D pilot for medication therapy management will offer performance payments to plans that achieve reductions in fee-for-service expenditures and fulfill quality and other data reporting requirements, according to information released by CMS on Wednesday. Insurance plans that demonstrate reductions in Medicare Part A and B costs of care for their members by a minimum of 2 percent will receive a fixed $2 per member per month increase in the subsidy to the plan premium, which will decrease the beneficiary’s portion of the premium, CMS said…
