PRICING AND REIMBURSEMENT REFORMS IN SPAIN – A SYSTEMATIC ANALYSIS OF NATIONAL PRICING DECISIONS BY THE CIPM
Author(s)
Macaulay R1, Fernandez Dacosta R2
1PAREXEL International, London, UK, 2PAREXEL International, London, LON, UK
Presentation Documents
OBJECTIVES: Following marketing authorization in Spain, new medicines are assessed by the Inter-Ministerial Pricing Commission for Pharmaceuticals (CIPM), which provides reimbursement recommendations with a maximum ex-factory price. For innovative products, pricing is based on international reference pricing, with additional factors including unmet need and budget impact also playing a role. However, this price setting process can be very time-consuming (12-18 months), involving lengthy negotiations. In September 2017, major reforms were announced that included companies only being allowed to submit single price proposals to the CIPM to shorten this process. Since November 2017, CIPM recommendations have been published on a monthly basis. This research aims to systematically analyze all CIPM recommendations to date. METHODS: Publically-available CIPM decisions were identified from www.msssi.gob.es (10/3/2007-05/29/2018) and the date of EC-approval identified from http://www.ema.europa.eu RESULTS: CONCLUSIONS: Although CIPM decisions are now published publically the underlying rationale is not. Delays between EC-approval and CIPM decisions remain lengthy. CIPM recommendations also subsequently need to be ratified through final funding resolutions as published by the General Directorate of the Basic Services Portfolio and further negotiations with regional/local who are the budget-holders are necessary to gain patient access.
Conference/Value in Health Info
2018-11, ISPOR Europe 2018, Barcelona, Spain
Value in Health, Vol. 21, S3 (October 2018)
Code
PHP78
Topic
Economic Evaluation, Epidemiology & Public Health, Health Policy & Regulatory, Health Service Delivery & Process of Care, Health Technology Assessment
Topic Subcategory
Cost/Cost of Illness/Resource Use Studies, Decision & Deliberative Processes, Health Care Research, Pricing Policy & Schemes, Public Health, Reimbursement & Access Policy
Disease
Multiple Diseases
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