Biden Administration is requiring insurers, health plans to report on prescription drug costs

Photo: Jeff Lagasse/Healthcare Finance News

In an interim last rule, the Biden Administration is now necessitating personal insurers to report prescription drug charges, as very well as critical facts, to the Departments of Health and fitness and Human Solutions, Labor and Treasury.

It’s the fourth rule in a collection that the departments are issuing to carry out the No Surprises Act, as very well as transparency needs of the Consolidated Appropriations Act of 2021, in accordance to the Facilities for Medicare and Medicaid Solutions.

The action involves overall health programs, overall health insurance policies issuers giving group or personal overall health insurance policies coverage, and overall health rewards programs available to federal workers to submit critical facts to the departments, which will get the job done through the HHS Assistant Secretary for Arranging and Evaluation to publish a report on prescription drug pricing trends and rebates, as very well as

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