Drug Price Negotiation
Process under Sections 11001 and 11002 of the Inflation Reduction
Act (CMS-10849) - (IRA)
Revision of a currently approved collection
No
Regular
11/25/2024
Requested
Previously Approved
36 Months From Approved
09/30/2025
355
10
23,764
2,043
0
0
Under the authority in sections 11001
and 11002 of the Inflation Reduction Act of 2022 (P.L. 117-169),
the Centers for Medicare & Medicaid Services (CMS) is
implementing the Medicare Drug Price Negotiation Program (the
“Negotiation Program”), codified in sections 1191 through 1198 of
the Social Security Act (“the Act”). Section 1193(a)(1) of the Act
establishes that CMS will negotiate an MFP with “the manufacturer”
of the selected drug. In section 1191(c)(1) of the Act, the
Negotiation Program statute adopts the definition of manufacturer
established in section 1847A(c)(6)(A) of the Act. To the extent
that more than one entity meets the statutory definition of
manufacturer for a selected drug for purposes of initial price
applicability year 2026. The statute provides that, after receiving
CMS’ written initial offer for a selected drug, the Primary
Manufacturer may, in accordance with section 1194(b)(2)(C) of the
Act, submit an optional written counteroffer (if CMS’ written
initial offer is not accepted by the Primary Manufacturer) that
must be submitted no later than 30 days after the date of receipt
of the written initial offer. If the Primary Manufacturer chooses
to develop and submit a written counteroffer to CMS’ written
initial offer during the drug price negotiation process for initial
price applicability year 2026, the Primary Manufacturer must submit
the Counteroffer Form.
Burden has increased due to the
merger of the "Written Counteroffer" (CMS-10849) ICR and the
"Negotiation Data Elements" (CMS-10847) ICR into this existing ICR
package for the Drug Price Negotiation Process that was developed
to streamline the review process for the pharmaceutical industry
and other interested parties when reviewing Paperwork Reduction Act
(PRA) renewals for this notice.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.