Administration Modifying IPI To Ensure U.S. Pays Lower Prices Than Other Countries

HHS Secretary Alex Azar said his agency is working at the White House’s direction to modify its International Pricing Index plan to ensure the United States pays less for drugs than other developed nations. Under the original proposal, the Trump administration’s International Pricing Index demonstration would have set payments for Medicare Part B drugs based on the average prices in other countries. But Azar said the president wants to go further than that and now refers to the proposal as...