The complexity of drug pricing and payment can make anyone’s head spin. But for those in pharmaceutical sales, knowing the differences between AMP, FUL, AAC, ASP, WAC, AWP, MAC, and other benchmarks is essential. That’s because these benchmarks help set the prices paid by different stakeholders at various points in the drug distribution and delivery chain.
What makes drug pricing and payment methodologies even more complex is that these benchmarks are constantly evolving. New rules and regulations in the past decade have shaped how the government and commercial health insurance plans pay for drugs.