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Insights: Clients
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...
Energy
EPA “Endangerment Finding”
This week, the EPA proposed to rescind the 2009 Greenhouse Gas "Endangerment Finding." The Endangerment Finding provides the basis for regulating emissions, including for autos, power plants, and other sources. Administrator Zeldin characterized the finding as the “holy grail of the climate change religion,” given its significance in providing...
Healthcare
Pharmacy Benefit Managers (PBMs)
The U.S. District Court for the Eastern District of Arkansas has granted a preliminary injunction preventing implementation of a first-of-its-kind AR law (Act 624) that prohibits PBMs from owning or operating pharmacies in the state. In his ruling, Judge Miller found that CVS Health, Cigna’s Express Scripts, and the Pharmaceutical Care Management...
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