Menu
Menu
Question:
I am trying to find information about the change in Medicare prices for drugs from 2016 to 2017. Can you provide this information?
Answer:
The Centers for Medicare & Medicaid Services (CMS) compared first quarter 2017 payment amounts to the last quarter of 2016 and found that, on average, prices for Part B drugs decreased by 0.4 percent. For 2017, only one of the top 50 drugs remained the same. Otherwise, payments for 20 of the top 50 drugs decreased and 29 of the top 50 of the higher volume drugs the prices increased by 2 percent or less.
CPT® copyright 2023 American Medical Association (AMA). All rights reserved.
Fee schedules, relative value units, conversion factors and/or related components are not assigned by the AMA, are not part of CPT, and the AMA is not recommending their use. The AMA does not directly or indirectly practice medicine or dispense medical services. The AMA assumes no liability for data contained or not contained herein.
CPT is a registered trademark of the American Medical Association.
Subscribe to receive our News, Insights, and Compliance Question of the Week delivered right to your inbox.
Address:Â 5874 Blackshire Path, #13, Inver Grove Heights, MN 55076
Phone:Â (800) 252-1578
Email:Â support@medlearnmedia.com
Hours:Â 9am – 5pm CT
Copyright © 2024 MedLearn Publishing. Powered by MedLearn Media.
Happy World Health Day! Our exclusive webcast, ‘2024 SDoH Update: Navigating Coding and Screening Assessment,’ Â is just $99 for a limited time! Use code WorldHealth24 at checkout.