Medicare Part D Plans May Add ‘Preferred’ Specialty Tiers To Lower Costs

But cost sharing for non-preferred specialty drugs cannot exceed the current 25%-33% coinsurance currently allowed for the specialty tier, the Centers for Medicare and Medicaid Services says in a proposed rule.

Document with the title Medicare Part D.
Proposal Seeks New Formulary Controls For Specialty Drugs

The Centers for Medicare and Medicaid Services is proposing to allow Medicare Advantage and Medicare Part D plans to add a second, “preferred” specialty drug formulary tier with lower cost sharing beginning in 2021 as a way to “enhance” price negotiations with manufacturers and promote the use of lower-cost biosimilars.

The idea is offered in a proposed rule on policy and technical changes to the Medicare Advantage and Part...

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