The commercial insurance market has historically lagged behind government payers on value-based care and requires federal action, recommends JPMorgan Chase's health care arm.
Brokers and benefits managers need to factor the new legislation, which takes effect immediately, into their next health plans, although anti-steering and anti-tiering provisions in contracts remain in effect until the end of the year.
Senate Republicans introduced a series of bills called the "Lowering Education Costs and Debt Act," which they say "attacks the root cause of skyrocketing debt," ahead of the high court's ruling on Biden's student debt forgiveness.
Almost half (46%) of workers said they need to save $1 million or more by retirement, yet 40% of workers and 58% of retirees said their retirement account balances have decreased over the past 12 months, says a new survey.
Support is especially critical to lower-salaried employees, who are more likely to delay or forgo preventive care, regular check-ups, surgeries, and even dental appointments, which were delayed by COVID.
The ERISA Industry Committee, an employer advocacy group, implored the IRS in a letter to clarify how sponsors can implement new SECURE 2.0 features - and also offered recommendations for improving health care benefits.
The Centers for Medicare & Medicaid Services' new initiative will focus on primary care organizations, especially in rural areas, with limited experience in alternative payment models to help set up infrastructure.