More than 1,750 standalone Medicare Part D prescription drug plans and MA plans have applied to offer insulin at a maximum $35 copay for a month’s supply of the drug for the 2021 plan year, CMS announced.
CMS has finalized a rule to implement a series of proposals issued earlier this year impacting Medicare Advantage plans and Medicare Part D plan sponsors. The rules were rushed into effect to get them out before the contract year 2021 bid deadline in June.
A $3 trillion coronavirus relief bill proposed by House Democrats May 12 would allocate around $100 billion for hospitals and other healthcare providers to cover costs related to the public-health crisis.
Private health insurers will bank a collective $12 billion windfall after the U.S. Supreme Court ruled Monday, 8 to 1, that they’re entitled to federal compensation for money they were promised to help stand up the Affordable Care Act.
Pending votes on Capitol Hill, hospitals are soon to receive relief from pandemic economics in the form of a $480 billion-plus aid package agreed upon by Congressional leaders and the White House late Tuesday afternoon.
If the group’s actions are successful against the three entities named, unions representing healthcare workers elsewhere in the U.S. may be incentivized to take their cases to the courts in similar fashion.