MENU Close
Close
  • Home
  • Services
  • Attorneys
  • Resources
  • News & Events
  • About Us
  • Contact Us
  • Join our Team
Search
Back
    Quick Links:
    Join Webinar
    Read News
    Our Location
    A
    Alternative Dispute ResolutionAntitrust & Trade RegulationAppellate Practice
    B
    Banking & Financial ServicesBankruptcy, Creditors’ Rights, and Financial RestructuringBeer LawBusiness Law
    C
    Cannabis LawConstruction LawCriminal Defense
    E
    Economic Development LawElder Care & Special Needs LawElectronic Discovery ("E-Discovery")Environmental LawEstate Planning and Administration & Wealth PreservationExecutive Compensation, Employment, ERISA, and Employee Benefits
    F
    Food, Beverage & HospitalityFranchise Law
    H
    Health Care & Life SciencesHealth Care ProvidersHigher EducationHospitals and Health Networks
    I
    ImmigrationInsurance CoverageIntellectual PropertyIntellectual Property Litigation, Arbitration, and Dispute ResolutionIntellectual Property Portfolio Strategy, Management & LicensingInternational BusinessInternet Law
    L
    Labor & EmploymentLiquor Law, Licensing, Manufacturing, and DistributionLitigation
    M
    Media LawMergers & AcquisitionsMunicipal Law
    N
    Non-Profit Law
    P
    Patent Preparation and ProsecutionPharmaceutical / Medical Devices / Pharma ServicesProducts and Consumer Liability DefenseProfessional LiabilityPublic Utilities
    R
    Real Estate, Finance, and Land Use
    S
    SecuritiesSolar Energy
    T
    TaxationTelecommunicationsTrademark & Copyright Protection & Enforcement
    V
    Venture Tech & Emerging Growth Companies
    W
    White Collar Investigations & DefenseWorkers’ Compensation
    • New Jersey
    • New York
    • Pennsylvania
    • Blogs
    • Articles
    • Podcasts
    • COVID-19 Resources
    • News
    • Events
    • Webinars
    • About Us
    • Delivering Value
    • Diversity & Inclusion
    • Meritas

    New Jersey

    400 Crossing Boulevard
    8th Floor
    Bridgewater, NJ 08807
    Phone:(908) 722-0700
    Fax:(908) 722-0755

    28 Valley Road
    Suite 1
    Montclair, NJ 07042

    New York

    7 Times Square
    21st Floor
    New York City, NY 10036
    Phone:(212) 808-0700
    Fax:(212) 808-0844

    Pennsylvania

    515 West Hamilton Street
    Suite 502
    Allentown, PA 18101
    Phone:(610) 391-1800
    Fax:(610) 391-1805

    • What sets us apart
    • Attorneys
    • Other Professionals
    • Professional Development
    • Non-Discrimination Policy

    Categories

    Hospitals and Health Systems - Audits and Reimbursement Hospitals and Health Systems - Consent and Treatment Hospitals and Health Systems - Corporate and Governance Hospitals and Health Systems - Corporate Compliance Hospitals and Health Systems - Fraud and Abuse Hospitals and Health Systems - Government Investigations Hospitals and Health Systems - Health Records Hospitals and Health Systems - HIPAA and HITECH Hospitals and Health Systems - Managed Care Hospitals and Health Systems - Medical Staff Issues Hospitals and Health Systems - Medical Training Programs Hospitals and Health Systems - Medicare Hospitals and Health Systems - Mergers, Affiliations and Joint Ventures Hospitals and Health Systems - Peer Review Hospitals and Health Systems - Professional Services Agreements Pharmaceutical Industry - Agreements with Physicians Pharmaceutical Industry - Regulatory Compliance Physicians and Providers - Audits and Reimbursement Physicians and Providers - Certifications Physicians and Providers - Credentialing Physicians and Providers - Disciplinary Actions Physicians and Providers - Employment Agreements Physicians and Providers - Fraud and Abuse Physicians and Providers - Government Investigations Physicians and Providers - HIPAA and Privacy Physicians and Providers - Impairment Physicians and Providers - Licensing Physicians and Providers - Litigation Physicians and Providers - Medicare Physicians and Providers - Peer Review Physicians and Providers - Practice Acquisitions Physicians and Providers - Practice Issues Physicians and Providers - Regulatory Compliance Physicians and Providers - Supervision Physicians and Providers - Training Uncategorized
    Blogs > The Legal Diagnosis > President Trump’s Plan to Reduce...
    Member
    David N. Vozza
    Visit Profile

    President Trump’s Plan to Reduce Medicare Drug Costs

    President Trump’s Plan to Reduce Medicare Drug Costs

    Labeling Medicare a “rigged system,” President Trump has outlined a plan that he believes would allow it to lower drug prices covered under its Part B coverage. Specifically, the proposal would permit Medicare to implement a new reimbursement scheme that would reduce drug prices to achieve parity with costs in other nations. The Department of Health and Human Services estimates the plan would result in a savings of $17 billion over five years. It is anticipated that a pilot program to implement the plan would take effect in the year 2020.

    President Trump has often criticized the current Medicare Part B plan, claiming that “other countries have rigged the system,” which has resulted in “Americans pay[ing] more so that other countries can pay less.” President Trump believes the plan will end what he calls “global freeloading.” In support of that position, HHS Secretary Alex Azar has released a report stating that the United States pays 1.8 to 4 times as much for drugs covered under Medicare Part B than other nations. If the Trump administration moves forward with the President’s sweeping proposal, it would first implement a pilot program to be phased in over five years and apply to 50% of the American population.

    If you have any questions about this or any other legal matter, please email me at dnvozza@norris-law.com.

    Member
    David N. Vozza
    Visit Profile

    Related Posts

    Coronavirus Alert: Historic Expansion of Telehealth in Response to COVID-19 Crisis Medicare Revocation of Enrollment – CMS Continues to Needlessly Punish Physicians DOJ Recovers $2.8 Billion in 2018 False Claims Act Cases

    Share

    Tags

    #Department of Health and Human Services #Drug Prices #medicare #Medicare Part B #President Trump

    Similar Posts

    November 19, 2020
    CMS Establishes New Rules for Payment of COVID-19 Vaccine
    CMS Establishes New Rules for Payment of COVID-19 Vaccine
    August 28, 2020
    CMS Establishes New COVID-19 Testing and Reporting Requirements
    CMS Establishes New COVID-19 Testing and Reporting Requirements
    July 28, 2020
    OIG Work Plan Updates Related to COVID-19
    OIG Work Plan Updates Related to COVID-19

    Helpful links

    • About Us
    • News
    • Services
    • Blogs
    • Attorneys
    • Articles
    • (COVID-19)
    • Events
    • Join our Team
    Connect

    Connect with Us

    • LinkedIn
    • Facebook
    • Twitter
    • Instagram
    • Youtube

    Join our growing team

    We are looking for quality attorneys to help us do more for our clients. At Norris McLaughlin, each attorney has the same opportunity to succeed whether you’re at the beginning of a career or pinnacle of the profession.

    Learn More

    Subscribe to our content

    Receive timely legal information delivered to your inbox

    This field is for validation purposes and should be left unchanged.
    © , Norris McLaughlin, P.A., All Rights Reserved. Attorney Advertising.
    VIEW OUR DISCLAIMER,  TERMS OF USE,  AND PRIVACY POLICY

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume you consent to our cookie policy. Learn more