tci Part B Insider - 2004 Issue 27

Prescription Medications: Medicare Drugs Slashed Up To 90 Percent Next Year

Administration fees soar from 2003, but plummet from 2004If your practice provides prescription medications, prepare now for some serious sticker shocks in January.The Centers for Medicare & Medicaid Services put out its first estimates of the deep cuts it has in store for medications you use to fight ailments such as cancer and lung disease. CMS announced new rates for physician-administered drugs, already covered under Part B, unlike the self-administered drugs, which Part D will cover starting in 2006.Provider groups are already protesting, but, in a July 27 conference call with reporters, CMS Administrator Mark McClellan said...

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