Healthcare Finance News November 18, 2021
New data submission requirements include information on average monthly premiums and drug spending for patients.
In an interim final rule, the Biden Administration is now requiring private insurers to report prescription drug costs, as well as key data, to the Departments of Health and Human Services, Labor and Treasury.
It’s the fourth rule in a series that the departments are issuing to implement the No Surprises Act, as well as transparency requirements of the Consolidated Appropriations Act of 2021, according to the Centers for Medicare and Medicaid Services.
The action requires health plans, health insurance issuers offering group or individual health insurance coverage, and health benefits plans offered to federal employees to submit key data to the departments, which will...
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