Cutting Medicare Part B Drug Payments

Posted:June 30, 2016

Medicare Part B prescription drugs are often administered in a doctor’s office, and are drugs that most people would not be able to give to themselves. They include injections, infusions, and medicines that are added to a nebulizer for inhalation. Medicare Part B drugs are also among the most expensive medications.

Billing for Medicare Part B drugs is also different from those covered under Medicare Part D. Part B drugs are billed as medical services, and patients responsible for 20% of the cost.

Dr. Patrick H. Conway, a deputy administrator for the Centers for Medicare and Medicaid Services, told the Senate Finance Committee on Tuesday that the Obama administration would adjust its plan to reduce Medicare payments for many prescription drugs. The plan may end up changing reimbursement formulas for providers who administer Medicare Part B drugs.

As reported by The New York Times, Tuesday’s meeting “did little to calm bipartisan fears.”