• On Nov. 6, 2023, the Centers for Medicare and Medicaid Services (CMS) issued a memorandum titled Application of Pharmacy Price Concessions to the Negotiated Price at the Point of Sale Beginning Jan. 1, 2024 (Memo).

Due to the COVID-19 PHE, flexibilities were implemented to prevent lapses in patient care by allowing the prescribing of schedule II-V controlled medications via audio-video telemedicine encounters – including schedule III-V narcotic controlled medications approved by the Food and Drug Administration (FDA) for maintenance and withdrawal management of opioid use disorder – even when the prescribing practitioner had not conducted an in-person medical evaluation of the patient.

Due to the COVID-19 PHE, flexibilities were implemented to prevent lapses in patient care by allowing the prescribing of schedule II-V controlled medications via audio-video telemedicine encounters – including schedule III-V narcotic controlled medications approved by the Food and Drug Administration (FDA) for maintenance and withdrawal management of opioid use disorder – even when the prescribing practitioner had not conducted an in-person medical evaluation of the patient.

On August 29, the Centers for Medicare & Medicaid Services (CMS) announced the first 10 Part D drugs selected for negotiation under the Medicare Drug Price Negotiation Program. The negotiation process for these drugs will take place during 2023 and 2024, and maximum fair prices will be applicable starting in 2026.