Bulletin Board
Bulletin Board
Coronavirus Update for Friday, February 26
The following is the latest COVID-19 information from the federal government as of 2:30 on Friday, February 26. Congress The House Budget Committee has passed a COVID-19 relief bill. The following is a summary of the bill’s major spending, how it differs from the previous proposals submitted to the Budget Committee by other House committees, and what the bill does not do. Major Spending Categories The bill, which calls for $1.9 trillion in federal spending and tax credits, proposes: $350 billion for emergency aid to states, local, and tribal [...]
Medicare Pays Far More Than Medicaid for Brand-Name Drugs
Medicare pays three times as much for brand-name drugs at retail pharmacies as Medicaid and two-and-a-half times more for specialty drugs, according to a new analysis by the Congressional Budget Office. The vast difference occurs because of how drug prices are established for the two programs. Under Medicare Part D, individual payers and manufacturers negotiate prices based on commercial market conditions while for Medicaid, federal law requires manufacturers to provide rebates. Learn more about the differences between Medicare and Medicaid prescription drug prices, how and why those differences occur, and [...]
Coronavirus Update for Thursday, February 25
The following is the latest COVID-19 information from the federal government as of 2:45 p.m. on Thursday, February 25. The White House President Biden has extended the declaration of a national health emergency because of COVID-19. The White House announced a new effort to make masks more available in communities hard hit by the pandemic. The administration will deliver more than 25 million masks to more than 1300 community health centers and 60,000 food pantries and soup kitchens. The White House COVID-19 response team and public health officials held a [...]
ACA Medicaid Expansion Cut Young Adult Uninsurance in Half
The number of uninsured young adults fell nearly 50 percent after the Affordable Care Act authorized states to expand their Medicaid programs, a new study has found. According to the Urban Institute, the uninsured rate among people between the ages of 19 and 25 fell from 30.2 percent to 16 percent between 2011 and 2018, with most of the decline coming between 2013 and 2016, when the first round of states expanded their Medicaid programs. The decline in the rate of uninsured young adults mirrored declines in the overall U.S. [...]
Hospitals Starting to Comply With Price Transparency Requirement
One out of every three hospitals is in full compliance with a federal mandate to post payer rates publicly and transparently. And many others are partially in compliance with the federal requirement that took effect on January . Full compliance requires that the postings are machine-readable and include payer-negotiated rates for 300 “shoppable services.” 2000 of 6000 hospitals are already meeting four of five federal criteria and about 20 percent appear to be on their way to doing so. Hospitals began working to comply with the new federal mandate when [...]