Medicare Prescription Drug Spending for 2016 Totals $174B

Check Out How Much Medicare Spends on Drugs
– CNN Money

Manatt’s Ian Spatz, a senior advisor with Manatt Health, was quoted by CNN News for an article on the Centers for Medicare & Medicaid Services’ spending on prescription medications.

According to the publication, CMS spent $174 billion on prescription drugs in 2016, totaling 23 percent of its budget. President Trump has vowed to lower drug costs, unveiling a blueprint on how his administration would do so.

“While researchers and drug companies will likely want to delve into the data, there’s not that much that consumers can do with it,” said Spatz. “I cannot think of how a patient or prescriber would use this.”

Read the article here



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