“Medicare Looks To Cut Drug Costs By Changing How It Pays Doctors” – NPR

“Medicare is going to test new ways to reimburse doctors for medications, in hopes they’ll choose less expensive drugs.

“The plan would alter Medicare Part B, which pays for medicines administered in doctors offices or outpatient hospital clinics — to eliminate incentives for doctors to use the most expensive drugs.

“The changes would have an outsize effect on cancer doctors and clinics. Medicare Part B shelled out about $7.8 billion on cancer drugs in 2014, or 42 percent of its total spending on drugs that year.

“The program now reimburses the doctors or clinics for the cost of the medication plus a 6 percent fee. That means doctors and hospitals earn more money when they use pricier drugs.”

Continue reading this National Public Radio article, click here.

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