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Negotiation and Arbitration: Time for Medicare to Get Serious About Drug Pricing

This briefing highlights the need for Medicare to address the high and rising drug prices by implementing effective negotiation and arbitration strategies. It references the use of fixed price incentive contracts by the US Navy as a potential model for Medicare.

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Negotiation and Arbitration: Time for Medicare to Get Serious About Drug Pricing

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  1. Negotiation and Arbitration: Time for Medicare to Get Serious About Drug Pricing Len M. Nichols, Ph.D. National Coalition on Health Care Briefing Washington, DC March 15, 2019 www.chpre.org

  2. Source: Bloomberg, 12/18/15, Langreth et al

  3. Medicare Prices are High and Rising Source: HHS/ASPE

  4. US Navy uses “Fixed Price Incentive Contracts” to buy submarines from TWO sellers

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