tci Medicare Compliance & Reimbursement - 2005 Issue 39

PHARMACEUTICALS: Federal Drug Savings May Be Higher Than Thought

PWC estimates of MMA savings could hurt physician pay.Oncology providers may have to dig even deeper than they might have expected to cover some of their pharmaceutical bills, according to a report on the Medicare Modernization Act of 2003's effects on future changes in drug rates.The good news overall is that PriceWaterhouse-Cooper's updated figures project that MMA mandates will save Medicare $4.1 billion from 2004 to 2008, and a total of $15.7 billion from 2004 to 2013, according to a report it released on Sept. 20. In April, PWC predicted $4 billion in savings from...

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