Trump administration opens the door to lower drug prices as Medicare Advantage plans are pushed to step therapy approach
The Trump administration has taken another step towards lowering drug costs for consumers, this time aiming at the millions of members in Medicare Advantage plans.
Under new rules announced late Tuesday, the administration is giving these plans the right to set up what’s called step therapy plans for physician-administered and other Part B drugs. These plans, commonly used among private insurers, mandate that members use the least expensive drugs available for their conditions before moving on to pricier therapies if needed.
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