Comments on Proposed Rule Implementing the Global Benchmark for Efficient Drug Pricing (GLOBE) Model

Hwang TJ, Venkateswaran S, Cai CL, Krishnan A, Martin MJ, Kesselheim AS - Centers for Medicare and Medicaid Services (CMS)

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Summary:

The commenters support the GLOBE Model’s goal of reducing Medicare Part B drug costs through international reference pricing and recommends that CMS use a narrower basket of economically comparable reference countries and define the benchmark using the median of country-level prices rather than the proposed approach.

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