One less-publicized provision of the Inflation Reduction Act (IRA) enacts a five-year boost in Medicare Part B reimbursement for biosimilar drugs (also known as follow-on biologics or subsequent entry biologics). The biosimilar reimbursement enhancement is meant to overcome financial disincentives to adoption.
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The research delves into the IRA’s “small but measurable” impact and offers insights in several key areas, such as:
- The relationship between awareness of IRA enhanced Medicare part B reimbursement and utilization of biosimilars at oncology treatment sites
- Facility characteristics associated with level of biosimilar utilization
- Relationship between eligibility for the IRA biosimilar reimbursement boost and uptake
- Drivers of and impediments to biosimilar uptake
- Trends in oncology biosimilar uptake and market share
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Authors
Caitlin Verrilli, MBA, Director, US Access Strategy
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Max Vargas, PhD, MBA, Vice President, US Access Strategy
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Matias Junghahn, Senior Analyst
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