4.4 Article

Trends in price, spending, and utilization of omalizumab among Medicare beneficiaries

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Publisher

WILEY
DOI: 10.1002/alr.23185

Keywords

biologics; biosimilars; chronic rhinosinusitis; cost; Medicare; nasal polyps; omalizumab; price; utilization

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Between January 2005 and January 2023, the average selling price of omalizumab increased by nearly 60%. Between 2016 and 2021, Medicare Part B and D spending on omalizumab totaled over $3.7 billion. Between 2016 and 2021, Medicare Part B and D utilization of omalizumab increased by approximately 30%.
Key PointsBetween January 2005 and January 2023, the average selling price of omalizumab increased by nearly 60%.Between 2016 and 2021, Medicare Part B and D spending on omalizumab totaled over $3.7 billion.Between 2016 and 2021, Medicare Part B and D utilization of omalizumab increased by approximately 30%.

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