CMS Unveils Enhanced “Drug Dashboards” to Increase Transparency on Drug Prices
Posted on Friday, May 18, 2018 12:13 PM
On May 15, 2018, CMS released an enhanced version of the Drug Spending Dashboards, and for the first time it includes year-over-year drug pricing and highlights which companies have been increasing their prices.
“Under President Trump’s bold leadership, CMS is committed to putting patients first and increasing transparency,” said CMS Administrator Seema Verma. “Publishing how much individual drugs cost from one year to the next will provide much-needed clarity and will empower patients and doctors with the information they need. As Secretary Azar has repeatedly pointed out, for years Medicare incentives have actually encouraged higher list prices for drugs, and this updated and enhanced dashboard is an important step to bringing transparency and accountability to what has been a largely hidden process.”
The dashboards are an interactive tool that allow patients, clinicians, researchers, and the public to understand the trends in drug spending.
Click here for the full press release.
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