Patients’ “Access to Medicines” Journey, Pricing Take Many Turns
G. Stone Connections, L.L.C.
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What I ‘heard’ from the CMS Patient-Focused Listening Sessions
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As part of the Inflation Reduction Act (IRA) under the prescription drug law, Medicare can negotiate directly [Medicare Drug Price Negotiation Program] with drug companies to improve access to some of the costliest single-source brand-name Medicare Part B and Part D drugs.? As such, the Centers for Medicare & Medicaid Services (CMS) conducted virtual patient-focused listening sessions that provided an opportunity for patients, beneficiaries, caregivers, consumer and patient organizations, and other interested parties to share input relevant to drugs selected for the first round of Medicare Drug Price Negotiations.
I listened to all of them and following are my takeaways:
o?? Mended Hearts
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o?? Transitions from one life stage to another create ‘eye-opening’ challenges in terms of money and access:? From one life stage/associated healthcare systems to another is extremely challenging and difficult to manage (e.g., going from parents’ health insurance to cover diabetes meds to adult needing health insurance/not being able to afford it prompts them to ration insulin/crowdsource for insulin) Likewise, going from commercial health insurance to Medicare causes prompts significant change in access and some patients have foregone medicine, rationed care, etc.)? Companies’ access initiatives are not applicable under Medicare (versus via commercial insurance)
o?? Restrictive pricing will deter companies from looking at additional uses of medicines/limiting access to effective therapies and that has enabled medicines to have greater benefit – particularly for more rare conditions
o?? Pharmacy Benefit Managers and concern over utilization management:? remove from formularies, change the tiering structure, STEP protocols
o?? Co-use of IRA identified medications: Some patients may be taking ‘several’ medicines on the CMS Drug Negotiation list and concern over the impact to patients
o?? All patients are different and react differently to different medications.? You cannot assume all patients can take one drug vs another – particularly when it comes to biologics
o?? Medicines on the list have made a significant impact to patients and they want to continue using them
o?? Price, cost and managing that is a key issue particularly on fixed incomes
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Here are my key takeaways:?
This clearly isn’t everything, but thought it would be ‘helpful’ to share some very topline thoughts from a “listen only” mode participant.
Today the negotiated prices were announced...