tci Medicare Compliance & Reimbursement - 2004 Issue 4

Pharmaceuticals: CMS BEEFS UP DRUGMAKER RECORDKEEPING RULE

Time limitation bumped up to 10 years. Drug makers will need to hold onto pricing and rebate records longer than they had thought.   In the Jan. 6 Federal Register, the Centers for Medicare & Medicaid Services issued an interim final rule extending the three-year record-keeping requirement to 10 years. The change comes after last fall's onslaught of criticism led by fraud hawk Sen. Charles Grassley (R-IA) and over 45 attorneys general across the country. Grassley and the AGs called on Health and Human Services Secretary Tommy Thompson and former CMSchief Tom Scully to immediately withdraw the Aug...

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