January 14, 2021
In his op-ed in The Virginian-Pilot, VAHO President Richard M. Ingram, discusses the ramifications of the Most Favored Nation Rule on drug pricing and reimbursement and the devastating impact it would have on local cancer clinics.
"Currently, clinics such as mine buy drugs up front, administer medications, and then bill Medicare. The program reimburses us for the cost of the drugs plus a small fee to cover services provided by essential workers. When the rule kicks in, the dollar amount of reimbursements to clinics will drop. Clinics will have to decide if they can afford to offer certain drugs. Worse, they’ll have to lay off staff and cut services, if not close altogether."
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