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Value-Based Pricing Will Help With High Prescription Drug Costs

(MedPage Today)  Value-based drug payments are one part of the solution to the rising price of prescription drugs, several speakers said at a forum on drug pricing hosted by the Department of Health and Human Services.
The Centers for Medicare and Medicaid Services (CMS) would like to hear more ideas about how to implement value-based payments for this kind of treatment, according to CMS Acting Administrator Andy Slavitt.
"As a purchaser, the logical question for us is 'Are we getting good value for consumer and taxpayer dollars?" Slavitt said at the forum here last Friday. "Just as we pay for quality in care delivery, how should we create incentives which take the entire health and outcome of the individual into account? What's the best way to pay for targeted therapies when they work for some patients and not for others?"
Under value-based payments, insurers and other payers reimburse for drugs based on patient outcomes and similar factors, rather than paying a set price.
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