Do Medicare’s IPAY 2027 Negotiated Drug Prices Reflect Value For Money?

Date: December 11, 2025

CEVR offers its thoughts on CMS’s most recent round of negotiated drug prices and whether they align with value.

Commentary: Do Medicare’s IPAY 2027 negotiated drug prices reflect value for money? Peter J. Neumann, Joshua T. Cohen, Sean D. Sullivan and Feng Xie. Health Affairs Forefront.

Supplemental materials – here.
• Annotated endnotes
• Computations for commentary Exhibit 1


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