CMS quit test of pricey cancer treatment amid concerns over industry role
From the article:
“Coming from an administration which has a stated goal of trying to reduce drug pricing, trying to reduce overall drug spending and health care spending … at every turn this administration has taken steps in the opposite direction and this is one,” said Rachel Sachs, a professor who focuses on health law at Washington University in St. Louis.
Sachs said pay-for-performance deals can give drugmakers political cover to charge whatever they want if the companies can influence performance targets — in this case, with that short one-month timeline.
CMS said it has no formal agreement with any manufacturer for an outcomes-based price in a February letter to Rep. Lloyd Doggett, which came after months of inquiries from congressional Democrats over whether Novartis was getting favorable treatment on regulatory matters after paying Cohen.
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