Medicare to Pay More to Doctors for Avastin

In a recent decision, it was announced that Medicare would now pay more to doctors for administering Avastin to patients. Earlier, Medicare had cut payments for Avastin by 80% and had agreed to pay doctors only $7 per dose which is much lower than the $50 per dose costs incurred by them. In turn, the doctors decided to prescribe the more expensive Lucentis which costs $2000 per dose and is not subject to reimbursement limits!! So, in effect the Medicare policy was costing both the taxpayers and the patients (who now had big copays for the $2000 drug). The only entity benefiting from this was Genentech. Genentech says Lucentis is specially formulated with smaller molecules than Avastin to better penetrate the eye. However, many eye doctors say there is no detectable difference in outcomes for patients. The American Academy of Ophthalmologists estimates about 60 percent of all injections for macular degeneration use Avastin. Now, after this policy reversal, it could cost Genentech money due to decrease in sales of Lucentis. Just shows how short sighted senate policies which do not take the full ramifications into account end up having the counter effect!

For more information go to www.maculardegenerationassociation.org