Rebates for brand-name drugs in Part D substantially reduced the growth in spending from 2011 to 2015
- Collection:
- Health Policy and Services Research
- Contributor(s):
- United States. Department of Health and Human Services. Office of Inspector General. Office of Evaluation and Inspections, issuing body.
- Publication:
- [Washington, D.C.] : U.S. Department of Health and Human Services, Office of Inspector General, September 2019
- Language(s):
- English
- Format:
- Text
- Subject(s):
- Drug Costs -- statistics & numerical data Drug Costs -- trends Insurance, Health, Reimbursement -- statistics & numerical data Insurance, Health, Reimbursement -- trends Medicare Part D -- economics Medicare Part D -- statistics & numerical data Medicare Part D -- trends Economics, Pharmaceutical -- statistics & numerical data Economics, Pharmaceutical -- trends Forecasting Prescription Drugs -- economics Humans United States
- Genre(s):
- Technical Report
- Abstract:
- In response to a Congressional request, OIG examined the 1,510 brand-name drugs with Part D reimbursement and rebates in every year from 2011 to 2015. Specifically, we analyzed: (1) how total Part D reimbursement compared to rebate-adjusted reimbursement from 2011 to 2015; (2) how the size of the rebates changed over the 5 years; and (3) whether rebates grew in tandem with reimbursement across the 5 years (i.e., did rebates increase or decrease at the same level as reimbursement). Focusing solely on brand-name drugs with rebates in every year from 2011 to 2015, per the request, resulted in the exclusion of 45 percent of brand-name drugs with Part D reimbursement across all 5 years. In other words, 45 percent of brand-name drugs did not have rebates in every year from 2011 to 2015. We provide information about these brand-name drugs without rebates across all 5 years in Appendix A. We provide the details of our methodology in Appendix B.
- Copyright:
- The National Library of Medicine believes this item to be in the public domain. (More information)
- Extent:
- 1 online resource (1 PDF file (8 pages))
- Illustrations:
- Illustrations
- NLM Unique ID:
- 101757658 (See catalog record)
- Permanent Link:
- http://resource.nlm.nih.gov/101757658