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AAM Welcomes Proposal To Update Medicare Part D

Calls New Tier “First Step To Support Adoption Of Biosimilars”

 
• By Akriti Seth

After urging the US Congress to act on updating Medicare Part D, the Association for Accessible Medicines has welcomed the decision to update Part D by the Centers for Medicare & Medicaid Services of the US Department of Health and Human Services.

Medicare
AAM commits to work with president Joe Biden’s administration to implement the new proposal • Source: Shutterstock

The Centers for Medicare & Medicaid Services’ decision to update the Medicare Part D program by allowing plans to adopt a second, preferred specialty tier with lower cost-sharing, has been welcomed by both the Association for Accessible Medicines and its Biosimilars Council.

AAM called the CMS’ proposal, “an important first step to support adoption of biosimilars.”

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