Insights: Clients

Medicare Outpatient/ASC Reimbursement

CMS has issued the CY26 Outpatient Prospective Payment System (OPPS) and Ambulatory Surgical Center (ASC) final rule. Under the rule, CMS will increase OPPS and ASC payments by an aggregate 2.6% for CY26 relative to CY25 ($8b and $450m increases, respectively). That rate update is comprised of 3.3% market basket update reduced by a proposed...

It’s been reported that the White House was yesterday planning to release a legislative proposal for addressing the ACA enhanced subsidies (eAPTCs) that expire at the end of this year. The proposal will apparently extend the subsidies for two years, but with modest revisions around eligibility (700% income threshold) and various waste/fraud/abuse...

Mergers & Acquisitions

Compass/Anywhere

The HSR-waiting period is set to expire on December 1. Our ongoing research continues to suggest a high probability of a second request and a potential basis for litigation, but we still expect the deal will be conditionally cleared. It is evident that the combined company will have a dominant share in certain large MSAs (e.g., San Francisco Bay...

Tech / Media / Telecom

Antitrust (Meta, Amazon, Apple)

U.S. District Judge James Boasberg ruled in favor of Meta Platforms Inc., rejecting the Federal Trade Commission's (FTC) antitrust lawsuit that sought to unwind the company's acquisitions of Instagram and WhatsApp.

Tech / Media / Telecom

The Trump administration is considering issuing an Executive Order (EO) that would attempt to impose through various means a moratorium on state-level AI laws and regulations.

Stimulus Checks, Tariff Legislation

White House Deputy Chief of Staff Blair yesterday signaled that the Trump administration is developing a plan for “affordability” legislation that could include stimulus checks and healthcare payments to individuals (presumably through their HSAs), which would be offset by new authority to impose tariffs (i.e., the Congressional Budget Office...