Medicare Reform
- Reimbursement for Pharmaceuticals
- 2004 ? AWP - 15%
- Selected drugs being lowered to AWP - 20%
- 2005 and beyond ? Average Sales Price (ASP) times 106%
- New drugs are AWP – 5% for one year
- Increase in Drug Administration Expenses
- 2004 ? $500 million(1)
- 2005 and beyond ? $310 - $350 million(1)
(1) Represents drug administration for all oncologists and is inclusive of patient co-payments.