July 2008 Quarterly Average Sales Price (ASP) Medicare Part B Drug Pricing Files and Revisions to Prior Quarterly Pricing Files
Section 303(c) of the Medicare Modernization Act of 2003 revised the payment methodology for Part B covered drugs and biologicals that are not paid on a cost or prospective
payment basis. The vast majority of drugs and biologicals not paid on a cost or prospective payment basis
are paid based on the average sales price (ASP) methodology. Pricing for compounded drugs is performed
by the local contractor. The initial release of this RUN can be found in Chapter 17, section 20.1 of the IOM.
Issued by: Centers for Medicare & Medicaid Services (CMS)
Issue Date: June 06, 2008
DISCLAIMER: The contents of this database lack the force and effect of law, except as authorized by law (including Medicare Advantage Rate Announcements and Advance Notices) or as specifically incorporated into a contract. The Department may not cite, use, or rely on any guidance that is not posted on the guidance repository, except to establish historical facts.