tci Part B Insider - 2003 Issue 11

Drugs: Jan. 1 Could Be D-Day for Drug Payments

Oncologists and others who dispense medications under Medicare could be under the gun in a scant six months.The Centers for Medicare and Medicaid Services has finally set a concrete deadline for Congress to reform drug payments. If Congress doesn't fix the average wholesale price methodology by January 2004, CMS will, according to the American Medical Association.The AMA quotes CMS Administrator Tom Scully as saying Medicare will cut drugs by Jan. 1, 2004, unless Congress acts first. The move would deprive Congress of one of the sources of savings it hopes to use to reform Medicare payments. A...

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