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CMS Recognized Greater Savings in IPAY 2027 Relative to the First Year of Negotiation
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CMS Recognized Greater Savings in IPAY 2027 Relative to the First Year of Negotiation
Background On November 25, the Centers for Medicare and Medicaid Services (CMS) released the Maximum Fair Prices (MFPs) for the 15 Part D drugs selected for Medicare drug price negotiation. The negotiated prices will go into effect on January 1, 2027. A CMS fact sheet released the same day contains details on the MFPs, 2024 list prices, estimated savings to Medicare and beneficiaries, and information about how the negotiation process unfolded f…
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