{"id":3734,"date":"2019-06-24T14:36:55","date_gmt":"2019-06-24T19:36:55","guid":{"rendered":"https:\/\/ibio.org\/?p=3734"},"modified":"2019-06-24T14:40:15","modified_gmt":"2019-06-24T19:40:15","slug":"international-pricing-index-ipi-model-for-medicare-part-b-drugs","status":"publish","type":"post","link":"https:\/\/ibio.org\/international-pricing-index-ipi-model-for-medicare-part-b-drugs\/","title":{"rendered":"International Pricing Index (IPI) Model for Medicare Part B Drugs"},"content":{"rendered":"<p><strong>Summary<\/strong><\/p>\n<p>President Trump\u2019s administration outlined proposed changes to the Medicare Part B program that would dramatically affect most vulnerable seniors and patient communities that don\u2019t yet have a single therapy for their disease.<\/p>\n<p>Medicare Part B supports the sickest, most vulnerable Medicare patients and accounts for only a small fraction of all Medicare spending. iBIO\u2019s member companies are working on some of the most complex and hardest biomedical innovations for cancer, Alzheimers and rheumatoid arthritis.<\/p>\n<p>The Trump Administration through the Centers for Medicare &amp; Medicaid Services (CMS) is proposing to move from a market-based payment formula for Part B drugs to one based on foreign prices.<\/p>\n<ul>\n<li>Imports foreign price controls on American innovation, putting America\u2019s most vulnerable patients last and diminishing their hopes for a better future;<\/li>\n<li>Undermines a successful Medicare Part B program by introducing new middlemen between patients and the medicines they need; and<\/li>\n<li>Fails to properly consider patient benefit, quality of care, or the impact on all patients and health care providers.<\/li>\n<\/ul>\n<p>On June 20<sup>th<\/sup>, the White House\u2019s Office of Management and Budget (OMB) formally received a proposed rule for review from HHS on the International Pricing Index (IPI) Model for Medicare Part B Drugs. Details of the new proposal have not been disclosed but it is anticipated that it will be narrower than the original version that was proposed by HHS last year.<\/p>\n<p><strong>Position: Opposed<\/strong><\/p>\n<p><a href=\"https:\/\/ibio.org\/ibio-comments-to-administration-on-international-pricing-index-model\/\">Click here to read iBIO&#8217;s comments to the administration on IPI<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary President Trump\u2019s administration outlined proposed changes to the Medicare Part B program that would dramatically affect most vulnerable seniors and patient communities that don\u2019t yet have a single therapy for their disease. Medicare Part B supports the sickest, most vulnerable Medicare patients and accounts for only a small fraction of all Medicare spending. iBIO\u2019s [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[186],"tags":[],"class_list":["post-3734","post","type-post","status-publish","format-standard","hentry","category-2019-fed-issue"],"_links":{"self":[{"href":"https:\/\/ibio.org\/wp-json\/wp\/v2\/posts\/3734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibio.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibio.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibio.org\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/ibio.org\/wp-json\/wp\/v2\/comments?post=3734"}],"version-history":[{"count":0,"href":"https:\/\/ibio.org\/wp-json\/wp\/v2\/posts\/3734\/revisions"}],"wp:attachment":[{"href":"https:\/\/ibio.org\/wp-json\/wp\/v2\/media?parent=3734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibio.org\/wp-json\/wp\/v2\/categories?post=3734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibio.org\/wp-json\/wp\/v2\/tags?post=3734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}