The seller of the brain-cancer drug Gleostine has pulled out of a federal discount program for Medicare patients, leaving some struggling to pay for a therapy that can cost as much as $1,000 per capsule.
Patients may seek financial assistance from Nextsource or third-party sources, and doctors can explore less-expensive treatment alternatives. However, the company’s move highlights the limits of federal actions to reduce drug prices as well as programs meantUnder federal law, drug companies must provide certain discounts to be eligible for reimbursement by the Medicare Part D drug benefit.
NextSource says it hasn’t denied any patients’ applications for assistance and isn’t aware of any issues with access to its product. The society also sent a letter to NextSource CEO Robert DiCrisci in February, urging the company to rejoin Part D. The society shared a copy of the letter with The Wall Street Journal. NextSource didn’t respond to the letter, said a spokesman for the society.
An investigation by the Journal in 2017 showed how NextSource repeatedly hiked Gleostine prices, sparking outrage from doctors and patientsIn 2019, Medicare issued two fines to NextSource, totaling $117,206, for the company’s alleged failure to pay its share of drug costs under Part D within the required time frame in late 2018 and early 2019, according to letters the agency posted online. NextSource paid the penalties, a spokesman for the Medicare agency said.
Several of the nearly 40 study sites have had difficulty enrolling patients because of Gleostine’s cost, said Ashley Powell, director of the trial’s operations. The organization is having discussions with NextSource to address the issue, Ms. Powell said. NextSource confirmed the discussions.
No prior authorization or appeals for Medicare … ahh Medicare for all, will take care of the overpopulation problem.
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And this is Democracy for you people? Leaving vulnerable people unprotected, what about Biden's helath care pkg?
Shame, BIDEN needs to fix health insurance in the country!! FYI, or If you don’t know ... it’s a disaster!!
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Whhat but i thought government healthcare was the solution…lol
'Murica
Disgusting