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This rule implements the GLOBE Model, a new Medicare payment model under section 1115A of the Social Security Act (the Act). The GLOBE Model tests whether a payment model that uses an alternative method for calculating inflation rebates for certain separately payable Part B drugs and biologicals reduces costs for Medicare fee-for-service (FFS) beneficiaries and the Medicare program while preserving quality of care. 

Overall Description of Deadline: Per the CMS notice published December 30, 2004 (69 FR 78442), except for certain Medicare payment regulations and certain other statutorily-mandated regulations, we schedule all Medicare final regulations for publication within the 3-year standardized time limit in the current Unified Agenda. We do not intend to delay publishing a Medicare final regulation for 3 years if we are able to publish it sooner.