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Today, the Centers for Medicare &
Medicaid Services (CMS) updated its drug spending dashboards with data for
2018. The dashboards focus on average spending per dosage unit for
prescription drugs within CMS programs, and track the change in average
spending per dosage unit over time. Information is presented in an
interactive web-based tool, so researchers and consumers can easily sort the
data to identify trends.
The dashboards include the following updates:
In addition, CMS released information on
discarded drug units in Medicare Part B. CMS requires all physicians,
hospitals, and other providers submitting Medicare Part B drugs claims to
report any discarded amount of a single use vial or other single use package
drug on its claim for reimbursement. In 2018, Medicare spending on discarded
drug units equaled $725 million, approximately 2% of total Part B drug
spending.
For more information on today’s update,
please review the CMS press release:
To view the drug spending dashboards see: https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/Information-on-Prescription-Drugs/index
All
of the above data assets are also catalogued on Healthdata.gov: http://www.healthdata.gov/dataset/search
The
Data Navigator development team welcomes your feedback. Write to us at DataNavigator@cms.hhs.gov.
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To be a Medicare Agent's source of information on topics affecting the agent and their business, and most importantly, their clientele, is the intention of this site. Sourced from various means rooted in the health insurance industry - insurance carriers, governmental agencies, and industry news agencies, this is aimed as a resource of varying viewpoints to spark critical thought and discussion. We welcome your contributions.
Thursday, December 19, 2019
CMS Updates Drug Spending Dashboards with 2018 Data
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