Task 1.9.1 of 7
Start with the union of all Medicare Part D formularies, so no patient loses access to a drug they take on day one.
Who does it
Formulary Board
When
Month 0–6
Trade-off
Starting with every Part D drug avoids disruption but delays exclusion of low-value drugs.
Part of: Create the national formulary & negotiate drug prices
A National Formulary and Pricing Board covers every FDA-approved drug with a negotiated price. Retail drug spending falls from $467.0B to $380.1B (price effect −$113.1B, utilization +$26.2B).
This step changes 10 existing laws, programs, or institutions. See the list.