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Healthcare
340B Drug Discount Program
The Health Resources and Services Administration (HRSA) has begun accepting applications for a voluntary 340B Rebate Model Pilot Program that will allow drug manufacturers to provide 340B-discounted drug prices using a rebate mechanism. The pilot is set to begin January 1, 2026 and last at least one year. In practice, such rebate models have the...
Healthcare
GLP-1s
The Center for Medicare & Medicaid Innovation (CMMI) is in the process of developing a demonstration program which would test allowing Medicare Part D plans and state Medicaid program to cover GLP-1 products for weight loss purposes. Reports suggest the demonstration could begin as soon as Q2 next year for state Medicaid programs (~2027 for...
Healthcare
Medicare Hospice Reimbursement
As part of the FY26 hospice final rule, CMS will increase hospice payments by 2.6% ($750m) relative to FY25 levels and set the annual per beneficiary payment cap at $35,361.44 (increased from $34,465.34 in FY25).
Healthcare
Medicare Skilled Nursing Facility (SNF) Reimbursement
As part of the FY26 SNF final rule, CMS will increase SNF payments by 3.2% ($1.16b) relative to FY25.
Healthcare
Medicare Inpatient Hospital (IPPS) Reimbursement
As part of the FY26 IPPS final rule, CMS will increase inpatient hospital payments by 2.8% ($4b) relative to FY25.
Macro
Trade/Tariffs
In anticipation of tomorrow’s deadline, President Trump has announced that “reciprocal trade” deals have been reached with all top trading partners other than China, India, Canada, Mexico, and Taiwan. Lower-level negotiations are ongoing to fill in the details of these deals and legal text is likely to emerge within a couple of weeks as occurred...
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