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FYI: A clarification 🧵on a misleading new @medicarepayment chart of brand-name drugs in #Medicare Part D.
Many have misunderstood these data & misrepresented the findings, which say nothing about net drug prices.
Read on for my explanation of what’s really going on.
1/14
Many have misunderstood these data & misrepresented the findings, which say nothing about net drug prices.
Read on for my explanation of what’s really going on.
1/14
Background: MedPAC seemed to show that in Part D, brand-name drug prices “net of rebates” grew by 7.5% per year from 2010 to 2020
But this chart is not what it appears to be…
drugch.nl/3Kq5j5S
2/14
But this chart is not what it appears to be…
drugch.nl/3Kq5j5S
2/14
Summary: Contrary to some claims, we can't conclude anything about net prices from the chart above.
In fact, Medicare Part D's "net brand-name drug prices" (as defined by MedPAC) can be increasing, while net prices received by manufacturers can be decreasing.
Here's why.
3/14
In fact, Medicare Part D's "net brand-name drug prices" (as defined by MedPAC) can be increasing, while net prices received by manufacturers can be decreasing.
Here's why.
3/14
