Medicare Coding Change For Biosimilars Could Save $65bn, Firms Say

Biopharma manufacturers, payers and other stakeholders strongly support changing an Obama-era policy for reimbursing biosimilars under Medicare Part B in comments to the Centers for Medicare and Medicaid Services.

Biosimilar competition could lower Medicare Part B drug spending by $65bn over 10 years if the Centers for Medicare and Medicaid Services would change its approach to reimbursing the products, the manufacturer-supported Biosimilars Forum argued in recent comments to the agency.

The comments respond to CMS' July announcement that it is reconsidering its current approach to Medicare Part B reimbursement for...

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