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Past Event

Patient cost sharing for prescription drugs: Policy issues

An event from the USC-Brookings Schaeffer Initiative for Health Policy

Past Event

Panel 1: Revamping the Medicare Part D Benefit Design

Panel 1: Revamping the Medicare Part D Benefit Design
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Panel 1: Revamping the Medicare Part D Benefit Design

Panel 2: Mechanisms to Reduce Cost Sharing for Commercially Insured Patients
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Panel 2: Mechanisms to Reduce Cost Sharing for Commercially Insured Patients

Prescription drug costs continue to grow in the U.S. due to both price hikes for existing drugs and the development of expensive new therapies. In Medicare, these costs now account for $1 out of every $6 in spending . As costs grow, particularly for specialty drugs and novel therapies, patients can face high cost-sharing burdens, and the Medicare benefit places no limit on a patient’s out-of-pocket spending for prescription drugs. Moreover, while increased rebates have often mitigated the growth in net drug prices, many patients still pay cost-sharing based on a percentage of the gross (pre-rebate) drug price.

On Friday, February 16, the USC-Brookings Schaeffer Initiative for Health Policy hosted a conference on the policy issues surrounding patient drug cost sharing. Two panels convened, first to discuss restructuring the Medicare Part D benefit design, and then to debate the effectiveness of mechanisms to reduce cost sharing for commercially insured patients.

Agenda

Welcome and Overview

Panel 1: Revamping the Medicare Part D Benefit Design

Should Medicare beneficiaries' out-of-pocket expenditures be capped?

Erin Trish

Associate Director of Health Policy - Leonard D. Schaeffer Center for Health Policy & Economics, University of Southern California

N

Nicholas Uehlecke

Professional Staff Member (R) - U.S. House of Representatives, Committee on Ways and Means, Subcommittee on Health

Panel 2: Mechanisms to Reduce Cost Sharing for Commercially Insured Patients

Geoffrey Joyce

Director of Health Policy - Leonard D. Schaeffer Center for Health Policy & Economics, University of Southern California

Fiona Scott Morton

Theodore Nierenberg Professor of Economics - Yale School of Management

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