What is CMS’s GLOBE drug pricing model in the Federal Register?

CMS posted a Federal Register filing titled “Global Benchmark for Efficient Drug Pricing (GLOBE) Model,” dated 2026-10-02, document number 2026-20281. The excerpt does not reveal the model’s actual provisions, affected drugs, payment method, timeline, or rationale, so the main signal is simply that CMS has formally advanced a notable drug-pricing proposal.