CMS Implementation Timeline
Affordable Care Act
- People covered under the Affordable Care Act insurance plans will continue to save on their health insurance coverage during Open Enrollment for 2023 coverage.
Medicare Part B qualifying biosimilars
- Starting Oct. 1, Medicare will temporarily pay an add-on fee of 8% instead of 6% for qualifying biosimilars. This increase will encourage competition, lower costs for prescription drugs, and improve patient access to biosimilars.
Medicare Part D drug rebates
- Oct. 1 is the start of the first 12-month period for which drug manufacturers will be required to pay rebates to Medicare if their prices for certain Part D drugs increase faster than the rate of inflation over the 12-month period. The Part D inflation rebates for the 12-month periods beginning Oct. 1, 2022 and Oct. 1, 2023 must be invoiced by December 31, 2025.
VIEW FULL TIMELINE
CMS Press Release 10.18.22