As this ICR is associated with the issuance of annual guidance, this ICR must be revised accordingly each year.
Inventory as of this Action
Requested
Previously Approved
02/28/2019
36 Months From Approved
05/31/2018
5,675
0
5,185
56,450
0
50,619
0
0
0
CMS requires that MA and PDP organizations submit a completed formulary and PBP as part of the annual bidding process. During this process, organizations prepare their proposed plan benefit packages for the upcoming contract year and submit them to CMS for review and approval.
PL:
Pub.L. 108 - 173 101
Name of Law: Prescription Drug, Improvement, and Modernization Act of2003 (MMA)
The increase to burden is attributable to an increase in the number of plans/PBP per organization, along with a decrease in the number of reporting organizations, as well as an increase in the number of formulary submissions and the addition of the new opioid upload.
The number of reporting organizations decreased from 524 contracts to 520 contracts based on the most recent numbers extracted from HPMS. This number represents the total number of organizations that will submit at least one (1) PBP. Because an organization can submit a formulary that covers multiple contract numbers, only a subset of the 520 organizations will submit distinct formularies.
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.