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Letter to the Honorable Joe Barton 1 (March 2007)

handle is hein.congrec/cbo8957 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Peter R. Orszag, Director U.S. Congress Washington, DC 20515 March 12, 2007 The Honorable Joe Barton Ranking Member Committee on Energy and Commerce U.S. House of Representatives Washington, DC 20510 The Honorable Jim McCrery Ranking Member House Committee on Ways and Means U.S. House of Representatives Washington, DC 20510 Dear Congressmen: I am writing in response to your request to have the Congressional Budget Office (CBO) analyze the potential effects on the Medicare drug benefit if information on price rebates that have been negotiated by the prescription drugs plans (PDPs) administering that benefit was publicly disclosed. As your letter noted, Chairman Waxman has asked several PDPs to submit to the Committee on Oversight and Government Reform information that they were required to report to the Centers for Medicare and Medicaid Services (CMS), including information on negotiated price discounts, rebates, and other price concessions that they obtained from drug manufacturers. Currently, much of the information submitted to CMS is protected from disclosure. It is not clear, however, exactly what information those drug plans have submitted or will submit in response to Chairman Waxman's request, nor is it clear to what extent any information submitted would be disclosed publicly. In this letter, CBO analyzes the broader issue of the disclosure of information on drug rebates and provides the reasons why the agency would currently estimate a much smaller financial impact on Medicare from legislative provisions that would require detailed disclosure (or would be likely to result in such disclosure) than had been estimated prior to the implementation of the Medicare drug benefit. www.cbo.gov

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