Update on Reporting requirements for Prescription Drug Data Collection

  • March 9, 2023

    Under the Consolidated Appropriations Act, 2021 (CAA), health issuers offering group or individual health coverage and self-funded group health plans must submit detailed data on prescription drug pricing and healthcare spending. This data submission is called the Prescription Drug Data Collection (RxDC) Report.

    The first RxDC report was due December 27, 2022 (for reference years 2020 and 2021), with subsequent reporting due annually by June 1. Required entities must submit the report through a web portal managed by the Centers for Medicare & Medicaid Services (CMS), which will collect the data on behalf of the Departments of Health and Human Services, the Department of Labor, and the Department of the Treasury (the Departments).

    The reporting requirements include information intended to identify the significant drivers of increases in prescription drug and healthcare costs, increase understanding of how prescription drug rebates impact premiums and out-of-pocket costs, and improve prescription drug pricing transparency.

    The Premera approach

    Fully insured, OptiFlex, and Self-funded business

    As with the initial reporting, Premera will submit the reference year 2022 report, which is due by June 1, 2023. The report will include plan lists P1-P2, data files D1-D8 and the required narrative response.

    Average Monthly Premium Data

    The average monthly premium by employer and by member data, which was excluded the reference year 2020 and 2021 reporting in 2022 due to a safe harbor, will now be required for the June 1, 2023 report. Premera is researching the option of an employer survey approach to gather the needed data from our employer groups.  Additional announcements regarding this approach and timing will be communicated soon.

    Pharmacy Carveout Groups

    As with last year’s reporting, Premera will continue to report the below reporting on groups behalf for reference year 2022 by the 6/1/23 deadline.

    • P2-Group Health Plan List
    • D1-Premium and Life Years
    • D2-Spending by Category
    • Narrative response

    Clients with carveout arrangements should coordinate with other carriers to ensure they report all required information.

    Terminated Groups

    Premera will include reporting for all groups active during 2022. The reporting will not include data for any periods in which the group was not covered by Premera.

    Please contact your Premera account representative if you or your clients have questions about this requirement.

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