Biosimilar Coding Policy For Medicare Reversed To 'Promote Innovation'

Decision reflects Trump Administration's willingness to reconsider past efforts at cost control to address biopharma industry's concerns.

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The US Centers for Medicare and Medicaid Services (CMS) has agreed to change its approach to reimbursing biosimilars under Medicare Part B in a way that will promote more innovation and competition, the agency says in a final rule released Nov. 2.

Beginning Jan. 1, 2018, all biosimilars will be reimbursed using unique Medicare payment codes, known as Healthcare Common Procedure Coding...

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