Exact(7)
Last fall, Jeffrey Sprecher, the head of the IntercontinentalExchange for futures and options, said at a conference that he would "have the regulators outlaw maker-taker pricing," another name for the rebate system.
In the meantime, dozens of sugar-related raids have been conducted in Greece, Germany, Belgium and elsewhere, including Croatia, where scams were so rampant that the country was disqualified from the rebate system in 2003.
And, just as with the rebate system formulary negotiations would revolve mostly around financial incentives, not the value of products.
While phones that go for sub-$150 will still be paired with mail-in rebates, they're ditching the rebate system for anything over that price.
While it's far from certain whether the safe harbor exemption can easily be lifted in 2019, there is bipartisan political support for making substantial changes to the rebate system, in particular, in the transparency realm.
To be sure, the rebate system is under fire and companies are beginning to make moves toward more transparency in the light of criticism from employers, lawmakers and the Trump administration, which is pushing for lower drug prices.
Similar(53)
During a Q&A at the end of the panel discussion, Acorda CEO Ron Cohen suggested there's a lack of transparency in the drug rebate system that exacerbates the challenge of passing savings along to patients.
Clinics receive most of their income by fee per service, with ~85% directly billed to the Australian government through the Medicare rebate system.
General practice clinics (hereafter referred to as practices) in Australia are small businesses that receive most of their income via "fee per service", with ~85% directly billed to the Australian government through the Medicare rebate system [ 16].
In the current rebate system, for some PBMs, the incentive may be to favor branded Humalog.
The Trump Administration's proposed changes to the drug rebate system have grabbed headlines, as rebates are integral to drug pricing and formulary management.
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