Insights: Policy

President Trump has signed a wide-ranging executive order (EO) aimed at addressing various issues relating to prescription drug pricing.

Financials, Macro

China Capital Flows & Restrictions

Treasury Secretary Bessent said in recent days that “everything is on the table” in response to a question about whether the administration would consider de-listing Chinese securities from U.S. exchanges. Doing so has been actively considered by policy makers since President Trump’s first term, alongside other possible restrictions on capital...

Medicare Inpatient Psychiatric Facility (IPF) Reimbursement

As part of the FY26 IPF proposed rule, CMS is proposing to increase IRF payments by 2.4% ($70m) relative to FY25.

Medicare Inpatient Rehabilitation Facility (IRF) Reimbursement

As part of the FY26 IRF proposed rule, CMS is proposing to increase IRF payments by 2.6% ($295m) relative to FY25.

Medicare Hospice Reimbursement

As part of the FY26 hospice proposed rule, CMS is proposing to increase hospice payments by 2.4% ($695m) relative to FY25 levels and set the annual per beneficiary payment cap at $35,292.51 (increased from $34,465.34 in FY25).

Medicare Skilled Nursing Facility (SNF) Reimbursement

As part of the FY26 SNF proposed rule, CMS is proposing to increase SNF payments by 2.8% ($1b) relative to FY25.