Paycheck Protection Program Begins Offering Loans Again

A COVID financial relief program which helps small businesses continue to pay workers resumed offering loans this week, the Small Business Administration (SBA) announced. The Paycheck Protection Program (PPP) was reopened to businesses that did not receive a first round forgivable PPP loan on Monday. The program expanded to accept applications from certain businesses that did receive funding during the first round (so-called “Second Draw” businesses) on Wednesday.

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CMS Will Raise Medicare Advantage Plan Payments By 4.08% In 2022

CMS will raise Medicare Advantage plan payments by 4.08%, the agency announced Friday. It also signed off on its controversial proposal to complete a multiyear phase-in of a new payment methodology. The new process will adjust plan payments using diagnoses solely from encounter data—information created by healthcare providers about patients’ medical conditions and treatment.

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Analysis Examines the Implications of Price Transparency for Providers and Patients as New Rules Go into Effect

A new KFF analysis examines how new federal rules on price transparency for health services may affect patient decision-making and market pricing. As of January 1, 2021, the United States Department of Health and Human Services requires that hospitals publish payer-negotiated rates for common services on their websites. A second set of rules, which requires insurers ...

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Biden Outlines $1.9 Trillion Spending Package to Combat Virus and Downturn

President-elect Joseph R. Biden Jr. on Thursday proposed a $1.9 trillion rescue package to combat the economic downturn and the Covid-19 crisis, outlining the type of sweeping aid that Democrats have demanded for months and signaling the shift in the federal government’s pandemic response as Mr. Biden prepares to take office. The package includes more ...

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Retired Doctors And More Syringes: Biden Lays Out Plan To Get America Vaccinated

U.S. President-elect Joe Biden on Friday said he would order increased production of syringes and other supplies to ramp up vaccinations against COVID-19 and improve upon the Trump administration rollout that he called a “dismal failure.” Under Biden’s plan, federal disaster-relief workers would set up thousands of vaccination centers, where retired doctors would administer shots ...

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CMS Finalizes Drug Transparency, Pharmacy Quality Rules

CMS on Friday finalized a rule it estimates will save the federal government $75.4 million over the next decade in Medicare Advantage and Part D payments, with the agency crediting cost-savings to several measures enacted to curb prescription drug spending. Under the new rule, CMS expanded drug and medication therapy management programs that require Medicare ...

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